Question: Losses in a current period on a profitable contract are only recognized immediately under the percentage-of-completion method. are only recognized immediately under the completed-contract method.

Losses in a current period on a profitable contract are only recognized immediately under the percentage-of-completion method. are only recognized immediately under the completed-contract method. are generally deferred until the contract is complete. are recognized immediately under both the completed-contract method and the percentage-of-completion method

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