单选题
In accounting for long-term construction contracts, the percentage-of-completion method is preferable to the completed contract method when: A. the contracts are of a relatively short duration (less than one year). B. lack of dependable cost estimates cause forecasts to be doubtful. C. estimates of the costs to complete and the extent of progress toward completion are reasonably dependable.
【正确答案】
C
【答案解析】In accounting for long-term construction contracts, the percentage-of-completion method is preferable to the completed contract method when estimates of the costs to complete and the extent of progress toward completion are reasonably dependable.