The percentage-of-completion method must be used when certain conditions exist.Which of the following is not one of those necessary conditions?
A) Estimates of progress toward completion, revenues, and costs can be estimated reliably.
B) Total contract revenue can be measured reliably.
C) The buyer can be expected to satisfy some of the obligations under the contract.
D) It is probable that the economic benefits associated with the contract will flow to the company.
Correct Answer:
Verified
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