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    Business
  3. Study Set
    Financial Accounting A User Perspective
  4. Exam
    Exam 4: Revenue Recognition
  5. Question
    In Order to Use the Completed Contract Method of Revenue
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In Order to Use the Completed Contract Method of Revenue

Question 16

Question 16

True/False

In order to use the completed contract method of revenue recognition for a long-term project it is necessary to be able to reasonably estimate the total costs of the project.

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