ThyssenKrupp AG, headquartered in Germany, is one of the world’s biggest technology companies, with more than 199,000 employee’s worldwide and primary segments in steel, technology, and capital goods and services.Required:1. Access ThyssenKrupp’s most recent annual report using the Internet. Find the footnote describing significant accounting policies. Indicate the methods that ThyssenKrupp uses to account for long-term construction contracts when they can and cannot make an accurate estimate of the income on a construction contract.2. If ThyssenKrupp was a U.S company, how would you expect its accounting for these contracts to differ?View Solution:
ThyssenKrupp AG headquartered in Germany is one of the world s

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