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no additional detail The percentage-of-completion method O A. is used primarily for short-term contracts. O B. recognizes revenue and gross profit only when the contract

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The percentage-of-completion method O A. is used primarily for short-term contracts. O B. recognizes revenue and gross profit only when the contract is completed. C. recognizes revenue and gross profit each period based upon progress of the construction. OD. accumulates construction costs in the Billings on Construction in Progress account

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