单选题 Which of the following statements about revenue recognition methods is most accurate? A. The completed contract method recognizes revenue at the time of the sale. B. The cost recovery method recognizes profit as cash is received. C. The percentage of completion method recognizes profit corresponding to the costs incurred as a proportion of estimated total costs.
【正确答案】 C
【答案解析】The completed contract method recognizes revenue only when the project is complete. The cost recovery method recognizes profit when cash collected exceeds costs incurred. The installment method recognizes profit as cash is collected.