The cost recovery method
A)matches the costs of generating revenue with cash receipts until the seller recovers all its costs.
B)is a method by which the seller sets expenses equal to revenue in each period until it recovers all its costs.
C)is a method by which the seller does not recognize gross margin in income until it has recovered all of the costs of the sale.
D)is a method by which the seller reports revenue without any matching expenses in its income statement after cumulative cash receipts equal total costs.
E)all of the above.

Question

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The Answer of The cost recovery method
A)matches the costs of generating revenue with cash receipts until the seller recovers all its costs.
B)is a method by which the seller sets expenses equal to revenue in each period until it recovers all its costs.
C)is a method by which the seller does not recognize gross margin in income until it has recovered all of the costs of the sale.
D)is a method by which the seller reports revenue without any matching expenses in its income statement after cumulative cash receipts equal total costs.
E)all of the above.

The Cost Recovery Method