Which of the Following Revenue Recognition Methods Can Be Used

Multiple Choice

Which of the following revenue recognition methods can be used by long-term construction companies in all circumstances? $\begin{array}{lll}& \text {Percentage of}& \text {Completed}\\& \text {Completion}& \text {Contract}\\\text { I. } & \text { Yes } & \text { No } \\\text { II. } & \text { No } & \text { Yes } \\\text { III. } & \text { No } & \text { No } \\\text { IV } & \text { Yes } & \text { Yes }\end{array}$

A) I
B) II
C) III
D) IV