The conversion of bonds is most commonly recorded by the Select one: O A. proportional method. O B. incremental method. O C. book value method. O D. market value method. Previous page P Flag question The principal advantage of the completed-contract method is that Select one: O A. it is not necessary to recognize revenue at the point of sale. B. it reflects current performance when the period of a contract extends into more than one accounting period. O C. reported revenue is based on final results rather than estimates of unperformed work. O D. a greater amount of gross profit and net income is reported than is the case when the percentage-of-completion method is used. W J 4 Stuart Corporation's taxable income differed from its accounting income computed for this past year. An item that would create a permanent difference in accounting and taxable incomes for Stuart would be Select one: O A. a fine resulting from violations of OSHA regulations. O B. making installment sales during the year. O C. using accelerated depreciation for tax purposes and straight-line depreciation for book purposes. O D. a balance in the Unearned Rent account at year end. Next page A convertible bond issue should be included in the diluted earnings per share computation as if the bonds had been converted into common stock, if the effect of its inclusion is Dilutive Antidilutive Select one: O A. Yes Yes No OB. Yes Yes OC. No No O D. No