Which business would be most likely to use the percentage of completion method to record income?
A)grocery store
B)construction firm
C)plumber
D)accountant

Question

Quizplus · Accepted Answer

Construction firms typically use the percentage of completion method to record income because they are involved in long-term projects that may take several years to complete. This method allows them to recognize revenue as the project progresses, based on the percentage of completion.

Which Business Would Be Most Likely to Use the Percentage