Under the Percentage-Of-Completion Method,the Profit to Be Recognized in Any

Multiple Choice

Under the percentage-of-completion method,the profit to be recognized in any year is based on the ratio of

A) incurred contract costs divided by estimated total contract costs.
B) incurred contract costs multiplied by estimated total contract costs.
C) estimated total contract costs divided by incurred contract costs.
D) estimated total contract costs multiplied by incurred contract costs.