单选题 An oil exploration company has been contracted to dig 100 exploratory holes for $ 200000. The cost to complete this job is estimated to be $150000, but the company doesn"t recognize any of the $ 50000 profit until the job is completed. Which revenue recognition method is being used?

A、 Completed contract method.
B、 Percentage-of-completion method.
C、 Sales basis method.

【正确答案】 A

【答案解析】The completed contract method doesn"t recognize revenue and expense until the contract is completed. The percentage-of-completion method would have recognized a portion of the $ 50000 profit prior to completion.