Answer
1. For products, the entity utilizes the delivery date for revenue recognition.
2. For services, the entity utilizes the completion date when the performance obligation has been fulfilled and is billable.
3. For nuclear steam, the entity utilizes the percentage of completion method.
4. For the WFSI, revenue is recognized on accrual basis and recognized once payment is received, except for delinquent accounts.
Work Step by Step
As summarized above.
