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

question 2

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

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Definitions:

Fixed Ratio Schedules

A reinforcement strategy in which a response is rewarded only after a specified number of responses, used in various contexts, including behavioral psychology.

Reinforcement Theory

A theory in psychology that suggests behavior is motivated by its consequences, with reinforcement used to increase or decrease specific behaviors.

Behavior

The actions or reactions of an individual or system in response to external or internal stimuli.

Variable Ratio Schedules

In behavioral psychology, a reinforcement schedule where a response is rewarded after an unpredictable number of responses, enhancing motivation to respond.