3 Question 4 (2 points) When accounting for long-term contracts, companies can be allowed to recognize a portion of the expected profit from the contract depending on the percentage of completion True False Question 5 (2 points) On 12/31/19 your company sells a product for $3,200. Included in the package is the subscription to the "golden customer support service" for 3 years: this special service can be purchased separately for $900. To convince the customer to purchase the product, you added 24 months of free access to a special online platform that the customer can use with the product, which would normally be sold separately for $1,400. You estimate that the product, if sold alone, would cost $1,000. On 12/31/19, Cash is debited for... 970 3,300 1.000 3.200