discuss generally how revenue should be recognized at interim dates and for industries

BUSINESS TUTOR(A) discuss generally how revenue should be recognized at interim dates and specifically how revenue should be recognized for industries subject to large seasonal fluctuations in revenue and for long term contracts using the percentage of completion method at annual reporting dates (B) Discuss generally how product and period costs should be recognized at interim dates. Also discuss how inventory and COGS may be afforded special accounting treatments at interim dates (C) Discuss how the provision for income taxes is computed and reflected in interim financial statements