The Principal Advantage of the Cost-Recovery Method Is That

The principal advantage of the cost-recovery method is that

A) reported revenue is based on final results rather than estimates of unperformed work.
B) it reflects current performance when the period of a contract extends into more than one accounting period.
C) it is not necessary to recognize revenue at the point of sale.
D) a greater amount of gross profit and net income is reported than is the case when the percentage-of-completion method is used.