AC 551 Unit 2 FASB Codification

Assignment 2: FASB Codification Case

Student

ACC551 Accounting Research

Date

Firm-fixed price contract

Firm-fixed price contracts are those contracts that provide for a price which normally is not subject to any adjustment. However, prices are subjected to changes if they are explicitly included in the agreement. The changes include contract change, economic pricing, or defective pricing.


A

NSWER

Assignment 2: FASB Codification Case

Student

ACC551 Accounting Research

Date

Firm-fixed price contract

Firm-fixed price contracts xxxxxx xxxxxx contracts xxxxxx xxxxxx xxxxxx a price xxxxxx normally is not