Which one of the following statements is FALSE（）
A. The cost recovery method is similar to the installment sales method in that revenue is recognized when cash is received, but no profit is recognized until all the cost of goods sold has been recovered.
B. The installment sales method recognizes revenue and the associated cost of goods sold only when cash is received. The profit recognized is the collected cash less the proportionate cost of goods sold.
C. The completed contract method doesn’t recognize revenue and expense until the contact is completed and title is transferred. Profits are recognized on a prorate basis.
