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Question 14 Of 20 When the outcome of a fixed - price contract cannot be reliably estimated , IFR.S. 5. 0/ 5. 0 Points permits

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Question 14 Of 20 When the outcome of a fixed - price contract cannot be reliably estimated , IFR.S. 5. 0/ 5. 0 Points permits firms to use Either the completed contract method or the cost- recovery method to account for the contract . OB. rules do not permit firms to use the completed contract method . O C follows the same accounting method required by U.S. GAAP ! . D. permits considerable Latitude when accounting for the contract

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