Which of the Following Statements Is Correct Regarding Long-Term Construction

question 184

Multiple Choice

Which of the following statements is correct regarding long-term construction contracts?

• A)ASPE only allows the use of the completed-contract method.
• B)ASPE only allows the use of the percentage-of-completion method.
• C)IFRS only allows the use of the percentage-of-completion and the zero-profit method.
• D)IFRS allows the use of the percentage-of-completion and the zero-profit method, but
• Does not preclude the use of the completed-contract method.

---

Definitions:

Relationship with Teachers

The connection and dynamic that exists between students and their educators, influencing academic performance, motivation, and emotional well-being.

Intelligence

The capacity to acquire, comprehend, and utilize information, address challenges, and adjust to novel conditions.

Adolescent Romances

Romantic relationships and experiences occurring during the teenage years.

Sexual Intercourse

A biological and physical activity involving genital contact or penetration, often associated with reproduction but also engaged in for pleasure or intimacy.