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6. Under ASPE, when work to be done and costs to be incurred on a long-term contract can be estimated reliably, which of the following

6. Under ASPE, when work to be done and costs to be incurred on a long-term contract can be estimated reliably, which of the following methods of revenue recognition is preferable?

a) instalment method

b) percentage-of-completion method

c) completed-contract method

d) zero-profit method

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