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If the outcome of a long-term contract can be measured reliably, the preferred accounting method under U.S. GAAP is: The cost recovery method. The completed
- If the outcome of a long-term contract can be measured reliably, the preferred accounting method under U.S. GAAP is:
- The cost recovery method.
- The completed contract method.
- The percentage of completion method.
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
3rd Edition
