Assume That There Are Two Identical Companies Carrying Out Identical

question 66

Multiple Choice

Assume that there are two identical companies carrying out identical three-year projects.If one company uses the percentage-of-completion method and the other uses the cost-recovery method, in the first year will their gross profit and current ratios be the same or different? $\begin{array} { l l } \text { Aross Profit } & \text { Current Ratio } \\\text { A. same } & \text { same } \\\text { B. same } & \text { different } \\\text { C. different } & \text { same } \\\text { D. different } & \text { different }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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