USGAAP Requires That the Completed Contract Method Be Used

Multiple Choice

U.S.GAAP requires that the completed contract method be used

A) when uncertainty obscures the total costs the contractor will incur in carrying out the project.
B) in situations when a firm has not found a specific buyer while construction progresses.
C) always to recognize income during construction projects.
D) in both circumstances a and b.
E) in none of the above situations.