Firesole,
Realizable requires these 4 criteria not 1 out of 4 like you scenario
1. Persuasive evidence of an arrangement exists
2. Delivery has occurred or services have been rendered
3. The seller's price to the buyer is fixed or determinable
4. Collectibility is reasonably assured
Time to understand dd Cost Recovery Method andda/r
MESSAGE POSTED by
'until it is realized or realizable and earned'.
The above is the sticky point...... 'realizable', is a wishy-washy management judgement call scenario, and can be wide enough to duck under using a 'we had every confidence in the outcome and completion of XXXX contract with ABC co., and they demonstrated a history of timely pay-out to contractors'.