Research and development becomes centralized when a company becomes transnational

When a loss occurs in the current period on a profitable long-term contract, the loss is:

A. recognized under the completed-contract method. B. not recognized under either the completed-contract method or the percentage-of-completion method. C. recognized under both the completed-contract method and the percentage-of-completion method. D. recognized under the percentage-of-completion method

A large company that wishes to advertise its highly complex product is more likely to use an

external advertising agency than an in-house advertising team. Indicate whether the statement is true or false