What is the preferred accountingmethod under GAAP if the outcome of a long-term contract can’t be measuredreliably but the cost of construction can be determined:
  A.      thepercentage-of-completion method.
  B.      To recognizethe revenue to the extent of cash received.
  C.      Not torecognize the revenue until the project is completed.
  Solution: C.
  對(duì)于長(zhǎng)期合同,如果結(jié)果不能可靠計(jì)量,不管成本如何,GAAP下使用Completed Contract方法。