Question: 6. [Percentage-of-completion versus completed contract method] Compare the effect during the contract period of the completed contract and percentage-of-completion methods of accounting on the level

6. [Percentage-of-completion versus completed contract method] Compare the effect during the contract period of the completed contract and percentage-of-completion methods of accounting on the level and trend of reported: (i) Revenues and cost of goods sold (ii) Earnings (iii) Operating cash flows (iv) Accounts receivable. total current assets, and total long-term assets

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