When Losses Occur on Long-Term Contracts Using the Completed-Contract Method,they

Multiple Choice

When losses occur on long-term contracts using the completed-contract method,they are recognized

A) proportionately over the contract period using costs incurred as a base.
B) evenly over the contract period.
C) in their entirety as soon as it becomes known that a loss will be suffered.
D) at the completion of the project.