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