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What are the risks related to revenue recognition when an audit client uses percentage-of-completion method such that the client recognizes revenue in each period based
What are the risks related to revenue recognition when an audit client uses percentage-of-completion method such that the client recognizes revenue in each period based on the percentage of expended costs in that period compared to the total projected costs? Group of answer choices Underestimation of total projected costs to complete the project Overstatement of costs expended during the period Both A & B None of these
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