CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Under the percentage of completion method, the amount of work completed in a particular year is typically determined by comparing ______.

A. the costs incurred that year divided by the estimated total costs of the project
B. the cost incurred that year divided by the contract price
C. the total costs incurred to date divided by the contract price
Correct Answer: A

The percentage complete is usually determined by looking at the costs that are incurred. For a particular year, the percent would be the costs incurred that year divided by the estimated total costs of the contract.

User Contributed Comments 3

User Comment
kalps costs incurred that year/ total estimated project costs
desertfox27 oh god! i got it ALL right!
ldfrench But you are a fox in the desert and you can't take the exam.
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