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How to treated  the expected increase in the cost of the construction contract on its income?

IAS IFRS
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Question added by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date Posted: 2014/01/24
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Muhammad Rizwan
by Muhammad Rizwan , Accountant , Howdy Restaurant

provide guidence in IAS11 Construction contract. expected increase in the cost of construction contract i think is treated as extra ordinary cost, which decrease the expected income from the contract.

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