Which of the following is not a difference between the percentage-of- completion and zero-profit methods of accounting for long-term construction contracts? :

Question 22Select one:

a.

Evaluate the fair representation of the companys financial reports

b.

One records income (loss) each period during the construction period and the other does not.

c.

They cause different cash inflows during the construction period.

d.

One requires estimates of completion during the construction period and the other does not.