The Percentage-Of-Completion Method for Recognising Profit on a Construction Contract

question 10

Multiple Choice

The percentage-of-completion method for recognising profit on a construction contract will usually:

• A) show a higher profit in all years than will the completed-contract method
• B) show a higher profit in some year(s) and a lower profit in some year(s) than will the completed-contract method
• C) show a lower profit in all years than will the completed-contract method
• D) show a lower profit in most years than will the completed-contract method

Know the standards for text height in SAE and metric drawings.

Associate specific scale representations with their respective scales (e.g., quarter scale).

Understand the flexibility and constraints in text sizing for notes or items in drawings.

Distinguish between reduced and enlarged scales.

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Definitions:

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