The Percentage-Of-Completion Method Is Preferable to the Completed Contract Method

question 86

Multiple Choice

The percentage-of-completion method is preferable to the completed contract method and should only be avoided if:

• A)Completion rates are certain.
• B)Profits are low.
• C)Projects are more than five years to completion.
• D)There is a lack of dependable estimates or inherent hazards cause forecasts to be doubtful.

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