Question: Cost estimates on a long - term contract may indicate that a loss will result upon the completion of the entire contract. In this case,

Cost estimates on a long-term contract may indicate that a loss will result upon the completion of the entire contract. In this case, the entire expected loss should be
recognized in the current period under the percentage-of-completion method, but the cost-recovery method defers recognition of the loss to the time when the contract is completed
Cost estimates on a long - term contract may

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