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Current Attempt in Progress

Companies should use the percentage$-$of completion method to account for long$-$term construction contracts

when there are inherent hazards in the contract beyond the normal, recurring business risks.

when estimates of progress towards satisfaction of the performance obligation $($completion$)$ are not dependable.

unless required to use the completed$-$contract method.

when the company has primarily short$-$term contracts.

Attempts: $0$ of $1$ used