Which of the following companies whose business involves long- term contracts will be eligible to use the completed contract method?
A) Only companies whose contract price is collected upon completion of the contract.
B) A home construction company averaging $30 million in gross revenues each year.
C) A small specialized historic renovation company whose projects typically last three year. Revenues average $20 million per year.
D) all of the above.
Correct Answer:
Verified
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