Which of the following is true about accounting for contract assets $($CIP in excess of billings$)$ in each balance sheet prior to completion of profitable long$-$term construction contracts?

Multiple Choice

Contract assets are likely to be smaller if revenue is recognized over time than if revenue is recognized at a point in time.

Contract assets are likely to be larger if revenue is recognized over time than if revenue is recognized at a point in time.

There is no way to tell how revenue recognition timing will affect the size of contract assets without more information.