Caves and their features form when rainwater follows the cracks or joints in the rock material, usually limestone or dolomite. The rainwater combined with carbon dioxide forms a weak acid called carbonic acid. This weak acid once in contact with the limestone begins to dissolve the limestone. This process slowly creates larger and larger crack and joints.
A service contract inventory assists an agency in better understanding how contracted services support the mission and operations and whether the contractorsâ skills are utilized in an appropriate manner.
Completed Contract Method. Under the completed contract method, revenue is recognized when the sale of goods or the provision of services is complete or substantially complete. The CICA Handbook permits the use of this method only when performance of a contract consists of the execution of a single act or when companyâs management cannot reasonably estimate the extent of progress toward completion of the contract.