Question: When should an anticipated loss from a long - term contract be recognized if revenue from the contract is recognized over a period of time

When should an anticipated loss from a long-term contract be recognized if revenue from the contract is recognized over a period of time and at a point in time, respectively?
Over a period of timeAt a point in time
A.
Over the life of the projectWhen the project is complete
B.
ImmediatelyWhen the project is complete
C.
Over the life of the projectImmediately
D.
Immediately

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