Whatb when using historical contract information


Question: When using historical contract information, further consideration should be given to the following in order to gain useful insight into the accuracy of the current estimates: 1. A prior history of not providing adequate cost estimate support 2. Change in accounting practices. 3. A prior history of problems in controlling cost. 4. A prior history of over estimating or under estimating costs. 5. All of the selctions

 

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Accounting Basics: Whatb when using historical contract information
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