Question: The percentage - of - completion method A . recognizes revenue and gross profit each period based upon progress. B . is used primarily for

The percentage-of-completion method
A.
recognizes revenue and gross profit each period based upon progress.
B.
is used primarily for short-term contracts.
C.
accumulates construction costs in the Billings on Construction in Progress account.
D.
recognizes revenue and gross profits only when contract is completed.

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