The percentage of-completion method accounting should not be used if ________.
A) completion rates are determinable
B) completion time on projects exceeds four years
C) profits are low
D) it is not possible to make dependable estimates of progress

Question

Quizplus · Accepted Answer

The percentage-of-completion method should not be used if it is not possible to make dependable estimates of progress, as this method relies on accurate estimates to recognize revenue and expenses over the life of a project.

The Percentage Of-Completion Method Accounting Should Not Be Used If