Summarize how lockheed martin uses the percentage of method, Financial Accounting

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Summarize how lockheed martin uses the percentage of method

Problem

Search the internet Lockheed Martin's annual report (10K) for the year ended December 31, 2017. Search the report for the company's comment about revenue recognition.

Summarize how Lockheed Martin uses the percentage of completion method of accounting on their contracts. What other method of recognizing revenue or costs do they use for their long-term contracts?

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Financial Accounting: Summarize how lockheed martin uses the percentage of method

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Financial Accounting: Summarize how lockheed martin uses the percentage of method

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