Question: For an unprofitable contract, the entire expected loss is recognized in the current period when the cost - recovery method but not the percentage -
For an unprofitable contract, the entire expected loss is recognized in the current period when
the costrecovery method but not the percentageofcompletion method is used. using either the percentageofcompletion method or the costrecovery method. using the percentageofcompletion method but not the costrecovery method. a method other than the percentageofcompletion method nor the costrecovery method is used.
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