62.9k views
2 votes
A loss in the current period on a contract expected to be profitable upon completion in a later year is...(a)recognized only under the completed-contract method.(b)not recognized under either the completed-contract method or the percentage-of-completion method.(c)recognized under both the completed-contract method and the percentage-of-completion method.(d)recognized only under the percentage-of-completion method.

User Huusom
by
5.6k points

1 Answer

5 votes
D it’s on A wed page
User Kibitzer
by
5.8k points