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QUESTION 21 Under the completed-contract method A. revenue. cost and gross profit are recognized during the production cycle. revenue and cost are recognized during the

QUESTION 21 Under the completed-contract method A. revenue. cost and gross profit are recognized during the production cycle. revenue and cost are recognized during the production cycle, but gross profit recognition is deferred until the contract is completed C. revenue cost and gross profit are recognized at the time the contract is completed. D. None of these answers are correct

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