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Which of the methods of revenue recognition is preferable

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Problem 1: Under ASPE, when work to be done and costs to be incurred on a long-term contract can be estimated reliably, which of the following methods of revenue recognition is preferable?

Option a) instalment method

Option b) percentage-of-completion method

Option c) completed-contract method

Option d) zero-profit method

Reference no: EM132618974

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