The 'percentage of completion' that may be used to account for construction contracts can be justified on the basis that:
A) The contractor will be continuously working and therefore earning revenue.
B) In most long-term construction projects, payments are made periodically throughout the life of the contract allowing revenue to be recognised.
C) It is unreasonable to expect a contractor to record revenue only when construction is completed.
D) The contracting firm may be considered to be in a continuous sales transaction.
E) All of the given answers.

Question

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The Answer of The 'percentage of completion' that may be used to account for construction contracts can be justified on the basis that:
A) The contractor will be continuously working and therefore earning revenue.
B) In most long-term construction projects, payments are made periodically throughout the life of the contract allowing revenue to be recognised.
C) It is unreasonable to expect a contractor to record revenue only when construction is completed.
D) The contracting firm may be considered to be in a continuous sales transaction.
E) All of the given answers.

The 'Percentage of Completion' That May Be Used to Account