Question: Under the completed - contract method, Question 1 4 options: revenue and costs are recognized during the contract, but gross profit recognition is deferred until

Under the completed-contract method,
Question 14 options:
revenue and costs are recognized during the contract, but gross profit recognition is deferred until the contract is completed.
revenue, costs, and gross profit are recognized during the contract.
costs are recognized during the contract, but revenue and gross profit are not.
revenue, costs and gross profit are not recognized until the contract is finished.

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