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21. If a company cannot estimate reliably the outcome of a transaction involving the providing of a service, it should recognize revenue. a. Straight-line over

21.

If a company cannot estimate reliably the outcome of a transaction involving the providing of a service, it should recognize revenue.

a.

Straight-line over the period of the service contract

b.

By using the percentage-of-completion method based on costs incurred compared to total estimated costs

c.

By recording an equal amount of revenue for each service performed

d.

Only to the extent of the expenses recoverable

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