The completed-contract accounting method is most likely to be used by
A) a retail company.
B) a wholesale company.
C) a construction company.
D) All of the above.

Question

Quizplus · Accepted Answer

The completed-contract method is typically used by construction companies for long-term projects where revenue and expenses are recognized only when the contract is completed.

The Completed-Contract Accounting Method Is Most Likely to Be Used