Question: Why does the billings method for revenue recognition yield an in-accurate income statement? A) It suffers from the practice called front-end loading. B) It does

Why does the billings method for revenue recognition yield an in-accurate income statement?

A)

It suffers from the practice called front-end loading.

B)

It does not recognize receivables and payables

C)

It is based on estimates of work to be completed

D)

It only recognizes projects that are substantially complete

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