Business, 31.03.2020 03:27, heyhowdy

The percentage-of-completion method is used primarily for short-term contracts. A. recognizes revenue and gross profit each period based upon progress. B. accumulates construction costs in the Billings on Construction in Progress account. C. recognizes revenue and gross profits only when contract is completed.

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The percentage-of-completion method is used primarily for short-term contracts. A. recognizes revenu...