Which of the following is not an advantage of using the percentage-of-completion method (as opposed to the completed-

contract method) in situations where there are numerous significant events in a long-term contract? Select one: O a. Percentage-of-completion is used by far more companies, thus lends itself to better comparability. O b. Percentage-of-completion better reflects a continuous earnings process. O c. The percentage-of-completion method recognizes revenue as progress is made toward completion of a long-term contract. O d. Measuring progress toward completion requires significant judgement.

Which of the following is not an advantage of using the percentage-of-completion method (as opposed to the completedcontract method) in situations where there are numerous significant events in a long-term contract? Select one: a. Percentage-of-completion is used by far more companies, thus lends itself to better comparability. b. Percentage-of-completion better reflects a continuous earnings process. c. The percentage-of-completion method recognizes revenue as progress is made toward completion of a long-term contract. d. Measuring progress toward completion requires significant judgement