Cost-Recovery Method Recognizes no profit until cash payments by the buyer exceed the cost of the merchandise sold.
{"Image DocumentName": "Cost-Recovery MethodRecognizes no profit until cash payments by the buyer exceed the cost of the merchandise sold.", "Image ImageDescription": "A seller is permitted to use the cost-recovery method to account for sales in which there is no reasonable basis for estimating collectibility. In addition, use of this method is required where a high degree of uncertainty exists related to the collection of receivables.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}