If a pervously prolitable construction contrat being accounted for with the percentage-of-completion method is later projected to be unprofitable, then the Net loss in that period wil be equal to: Select orit a. All previoutly tecognaced Gross Protit on the contract b. The grojected Net tosi on the ensie contract C. A previouly recognused Gross Proft less the projected Net Loss on the entie contrad d. All previcusly recognized Gross Profit on the contract plus the projected Net Loss on the entire contract e. the projected Net Loss on the entire contrakt times the percentage of completion