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Kali Consulting, a Winnipeg Based Company, Has Just Signed a Contract

Question 53

Multiple Choice

Kali Consulting, a Winnipeg based Company, has just signed a contract to complete a strategic plan for a local business.This plan will likely take 2 to 3 months to complete.Kali Consulting should recognize revenue using which of the following methods?


A) Percentage of completion method
B) Instalment method
C) At the time of contract signing
D) Completed-contract method

Correct Answer:

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