When Accounting for Long-Term Contracts (Other Than Those for Services),all

question 39

Multiple Choice

When accounting for long-term contracts (other than those for services) ,all of the following accounting methods may be acceptable with the exception of

• A)the allocated completion method of accounting.
• B)the completed contract method.
• C)the percentage of completion method.
• D)the modified percentage of completion method.

---

Definitions:

Megacities

Extremely large cities, typically with a population of over 10 million people, often facing unique social, economic, and environmental challenges.

Public Water

Public water refers to the supply of water provided by government or municipal bodies to communities for drinking, washing, and other domestic purposes.

Land-Use Control

Regulations and policies governing how land can be used or developed, often to manage natural resources or control urban expansion.

Conservation Easements

Legal agreements that permanently limit uses of land in order to protect its conservation values, used by landowners to preserve natural or historic resource values.