Question: TB MC Qu . 6 - 1 6 3 ( Static ) Revenue on a long - term contract should not be . . .
TB MC QuStatic Revenue on a longterm contract should not be
Revenue on a longterm contract should not be recognized according to the proportion of the performance obligation that has been completed if:
Multiple Choice
profits are low.
the arrangement does not qualify for revenue recognition over time.
projects are more than five years to completion.
completion rates are certain.
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