The Percentage-Of-Completion Method Must Be Used When Certain Conditions Exist

question 33

Multiple Choice

The percentage-of-completion method must be used when certain conditions exist.Which of the following is not one of those necessary conditions?

• A)Estimates of progress toward completion, revenues, and costs can be estimated reliably.
• B)Total contract revenue can be measured reliably.
• C)The buyer can be expected to satisfy some of the obligations under the contract.
• D)It is probable that the economic benefits associated with the contract will flow to the company.

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Definitions:

Endomysium

A thin layer of connective tissue that surrounds each muscle fiber, providing structural support and facilitating nutrient exchange.

Perimysium

A sheath of connective tissue that groups muscle fibers into bundles or fascicles within skeletal muscles.

Epimysium

A layer of connective tissue that envelops the entire muscle.

Antagonist

A muscle that opposes the action of another muscle, known as the agonist, to enable movement and coordination.