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Which of the following is NOT true with regard to the expected value approach to measuring earnings? a) It must be highly probable that there

Which of the following is NOT true with regard to the expected value approach to measuring earnings?

a) It must be highly probable that there will not be a significant reversal of revenue previously recognized.

b) The company likely has experience with similar contracts.

c) The company is able to estimate the cumulative amount of net revenue.

d) It must be highly probable that there will be a significant reversal of revenue previously recognized.

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