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How is the prudence principle applied to the accounting for construction contracts? O A. If a loss is expected on the contract, all of this
How is the prudence principle applied to the accounting for construction contracts? O A. If a loss is expected on the contract, all of this loss is immediately recognized B. If a loss is expected on the contract, a loss is recognized in the current year based on the degree of completion. C. Under this principle, good news is reflected earlier than bad news. D. Only a proportional amount of revenue and expenses are recorded each year
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