Which of the following formulae correctly states the profit taken or recognized from profit realized...
FINANCIAL
POST UTME OAU
Which of the following formulae correctly states the profit taken or recognized from profit realized in a long term contract?
- A) total cost of contract estimated cost of contract
- B) cost of worker certified / total cost of contract
- C) cost to date / estimated cost of contract
- D) cost to date / estimated cost of contract
Correct Answer: C) cost to date / estimated cost of contract
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