EXERCISE 61 3. Using the percentage-of-completion method in accounting for long-term projects, a company can increase reported
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EXERCISE 6–1 3. Using the percentage-of-completion method in accounting for long-term projects, a company can increase reported earnings by:
a. Accelerating recognition of project expenditures.
c. Switching to completed-contract accounting.
b. Delaying recognition of project expenditures.
d. Overestimating the total cost of the project.
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