单选题 The calculation of the income recognized in the third year of a five-year construction contract accounted for using the percentage-of-completion method includes the ratio of: A. costs incurred in year 3 to total estimated costs. B. total costs incurred to date to total billings to date. C. total costs incurred to total estimated cost.
【正确答案】 B
【答案解析】The percentage of completion method recognizes revenues in proportion to the proportion of expenses incurred.