Question: Explain the rationale behind the prohibition of the completed-contract method for valuing construction contracts by IAS 11 given that US GAAP permits this option under

Explain the rationale behind the prohibition of the completed-contract method for valuing construction contracts by IAS 11 given that US permits this option under certain circumstances.

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Explain the rationale behind the prohibition of the completed-contract method for valuing construction contracts by IAS 11 given that US GAAP permits this option under certain circumstances.

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