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If the input method based on costs incurred is used to measure the progress toward complete satisfaction of a long-term construction contract, revenue is recognized

If the input method based on costs incurred is used to measure the progress toward complete satisfaction of a long-term construction contract, revenue is recognized at the time that

  • Billings Are Recorded

    Collections Are Made

  • A.

    Yes

    Yes

  • B.

    No

    Yes

  • C.

    No

    No

  • D.

    Yes

    No

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