Question
The method of reporting gross profit for long term contracts that does a better job of providing relevant information on the income statement is the
The method of reporting gross profit for long term contracts that does a better job of providing relevant information on the income statement is the _____.
A. completed-contract method
B. installment sales method
C. cost recovery method
D. percentage -of-completion method
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Introduction To Cost Accounting
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
1st International Edition
0538749636, 978-0538749633
