Which business would be most likely to use the percentage of completion method to record income?
A)Accountant
B)Grocery store
C)Plumber
D)Construction firm

Question

Quizplus · Accepted Answer

The percentage of completion method is typically used in industries where long-term contracts and projects are common, such as construction firms. It allows for revenue and expenses to be recognized over time, based on the percentage of completion of the project.

Which Business Would Be Most Likely to Use the Percentage