The following data relate to a construction job started by Worthington Co. during 2011:

See Worthington Co. information above. Under the percentage-of-completion method, how much should Worthington recognize as gross profit for 2011?
A) $0
B) $40,000
C) $80,000
D) $100,000

Question

The following data relate to a construction job started by Worthington Co. during 2011:

See Worthington Co. information above. Under the percentage-of-completion method, how much should Worthington recognize as gross profit for 2011?
A) $0 
B) $40,000 
C) $80,000 
D) $100,000

Quizplus · Accepted Answer

The Answer of The following data relate to a construction job started by Worthington Co. during 2011:

See Worthington Co. information above. Under the percentage-of-completion method, how much should Worthington recognize as gross profit for 2011?
A) $0 
B) $40,000 
C) $80,000 
D) $100,000

The Following Data Relate to a Construction Job Started by Worthington