Anticipated Losses Are Recognized Immediately Under Which of the Following

Multiple Choice

Anticipated losses are recognized immediately under which of the following methods of recognizing revenue? $\begin{array}{lll}& \text {Percentage of}& \text {Completed}\\& \text {Completion}& \text {Contract}\\\text { I. } & \text { Yes } & \text { No } \\\text { II. } & \text { No } & \text { No } \\\text { III. } & \text { Yes } & \text { Yes } \\\text { IV } & \text { No } & \text { Yes } \end{array}$

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