Question: EXERCISE 61 3. Using the percentage-of-completion method in accounting for long-term projects, a company can increase reported earnings by: a. Accelerating recognition of project expenditures.

EXERCISE 6–1 3. Using the percentage-of-completion method in accounting for long-term projects, a company can increase reported earnings by:

a. Accelerating recognition of project expenditures.

c. Switching to completed-contract accounting.

b. Delaying recognition of project expenditures.

d. Overestimating the total cost of the project.

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