Moving to another question will save the response Question 3 Question 3 1 points When there is a significant increase in the estimated total contract costs but the increase does not eliminate all profit on the contract, which of the following is correct? CA Under the cost-recovery method only, the estimated cost increase requires a current penod adjustment of excess gross profit recognized on the project in prior periods Os. Under the percentage-of-completion method only the estimated cost increase requires a curent period adjustment of excess gross profit recognized on the project in prior periods OC No current period adjustment is required Oo. Under both the percentage of-completion and the cost recovery methods, the estimated cost increase naqures is current period adjustment of excess gross profit recognized on the project in prior periods Moving to another question will save the lenovo Quemon of