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Bailey Consulting, a Winnipeg Based Company, Has Just Signed a Contract

Question 55

Multiple Choice

Bailey Consulting, a Winnipeg based Company, has just signed a contract to complete a strategic plan for a local business. This plan will likely take 2 to 3 months to complete. How should Bailey Consulting recognize revenue?


A) percentage of completion method
B) equally over the term of the contract
C) at the time of contract signing
D) all revenue at the end of the job

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