The percentage-of-completion method is preferable to the completed contract method and should be used unless: a. There

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The percentage-of-completion method is preferable to the completed contract method and should be used unless:

a. There is a lack of dependable estimates or inherent hazards cause forecasts to be doubtful.

b. Completion rates are certain.

c. Profits are low.

d. Projects are more than five years to completion.

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Financial Accounting

ISBN: 9781618531650

5th Edition

Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman

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Question Posted: May 16, 2024 08:00 AM

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The percentage-of-completion method is preferable to the completed contract method and should be used unless: a. There

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Financial Accounting

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