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The percentage-of-completion method violates the general rule for revenue recognition that: - The earnings process is complete. - Costs are known or reasonably estimated. -
The percentage-of-completion method violates the general rule for revenue recognition that:
| - | The earnings process is complete. |
| - | Costs are known or reasonably estimated. |
| - | Collection is reasonably assured. |
| - | Collections have been received. |
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The Budget Bible Budgeting Made Simple
Authors: Jessica Charise Brant, Adrienne Homet Hand
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