hellppppp

Question 18 1 points Save Answer In the case of a loss in an unprofitable long-term contract, the entire expected loss should be O A 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. OB. recognized in the current period under the cost-recovery method, but the percentage-of-completion method defers the loss until the contract is completed OC. deferred and recognized when the contract is completed, regardless of whether the percentage-of-completion or cost-recovery method is employed OD. recognized immediately by both the percentage of completion method and the cost-recovery method