问题
单项选择题
Under the cost recovery method, profit is recognized:()
A. as collection occurs.
B. after the amount of cost has been collected.
C. at time of delivery.
答案
参考答案:B
解析:
The cost recovery method is used when the costs to provide goods or services are not known. Under this method, sales are recognized when cash is received, but no gross profit is recognized until all of the cost of goods sold is collected.