Operating Expenses Answer the following questions related to operating expenses:

• How are the operating expenses (not included in the cost of goods sold) handled under the installment-sales method of accounting?

• How are they included in the percent-of-completion method?

• How are operating expenses handled under the completed contract method?

• Of these methods, provide examples of situations when each method will be the most appropriate. Include citations to the resources that you found, to support your response.