Question: A loss in the current period on a contract expected to be profitable upon completion is recognized in the current period under: A . the

A loss in the current period on a contract expected to be profitable upon completion is recognized in the current period under:
A.
the completed-contract method only.
B.
the percentage-of-completion method only.
C.
both the completed-contract and percentage-of-completion methods.
D.
neither the completed-contract nor percentage-of-completion methods.

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