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Business Tutor...The principal disadvantage of using the percentage of completion method of recognizing revenue from long term contracts is that it (A) unacceptable for income tax purposes (B) gives results based on estimates which may be subject to considerable uncertainty (C) is likely to assign a small amount of revenue to a period during which much revenue was actuall earned or (D) none of these

Submitted: 455 days and 1 hours ago.
Category: Homework
Value: $15
Status: CLOSED

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Expert: BusinessTutor
Pos. Feedback: 99.7 %
Accepts: 
Answered: 8/24/2008

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