DQuestion 11 2 pts If an overall loss is first anticipated in the second year of a previously estimated to be proftable long-term contract (where estimated profit had been correctly recorded in the first year), the use of the percentage of completion method will result in a year 2 reported loss: Larger than would be recognized under the completed contract method. O Smaller than would be recognized under the completed contract method. Equal to the amount that would be recognized under the completed contract method. O All of the above