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Which of the Following Companies Whose Business Involves Long-Term Contracts

Question 104

Multiple Choice

Which of the following companies whose business involves long-term contracts will be eligible to use the completed contract method?


A) a home construction company averaging $30 million in gross revenues each year
B) A small specialized historic renovation company whose projects typically last three years.Revenues average $20 million per year.
C) only companies whose contract price is collected upon completion of the contract
D) all of the above

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