In selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be

In selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be

A. the terms of payment in the contract.

B. the inherent nature of the contractor's technical facilities used in construction.

C. the method commonly used by the contractor to account for other long-term construc-tion contracts.

intermediate Accounting final examination acc421

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