Which of the following formulae correctly states the profit taken or recognized from profit realized in a long term contract?
A. \(\frac{\text { total costy of contract }}{\text { estimated cost of contract }} \times \frac{\text { estimated total profit }}{1}\) B. \(\frac{\text { cost of work certified }}{\text { total cost of contract }} \times \frac{\text { estimated total profit }}{1}\) C. \(\frac{\text { cost to date }}{\text { estimated cost of contract }} \times \frac{\text { estimated total profit }}{1}\) D. \(\frac{\text { cost to date }}{\text { estimated cost of contract }} \times \frac{\text { evalue of work certified }}{1}\)
