A construction company enters into a 2-year building contract. Payment of the consideration will be at the end of the building contract when all performance obligations are met. Costs incurred provide an appropriate measure of progress towards completing the contract. The construction company has incurred 30% of the costs during the first year. Assuming it is highly probable that revenue will not be subsequently reversed, at the end of Year 1, the construction company should most likely recognize a:
A
receivable.
B
contract asset.
C
contract liability.
没看懂解释为什么不选A
