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Answer (C) is correct . Under U.S.?GAAP, when the percentage-of-completion method is inappropriate because the outcome of a construction contract or the stage of completion cannot be reasonably estimated, the revenue is recognized based on the completed-contract method.

Answer (A) is incorrect because When the outcome a transaction involving the rendering of services (e.g., a construction project) cannot be estimated reliably, revenue must be recognized only to the extent of the expenses recognized that are recoverable. If it is probable that the entity will recover the transaction costs incurred, revenue is recognized only to the extent of those costs that are expected to be recoverable.
Answer (B) is incorrect because When the stage of completion cannot be reasonably estimated, the percentage-of-completion method is inappropriate. The revenue is recognized based on the completed-contract method.
Answer (D) is incorrect because Under IFRS, the completed-contract method is not permitted.