Use the following information for questions
Peske Construction Co.began operations in 2010.Construction activity for 2010 is shown below.Peske uses the completed-contract method.

-Which of the following should be shown on the balance sheet at December 31, 2010 related to Contract 2?
A)Inventory, $272,000.
B)Inventory, $328,000.
C)Current liability, $272,000.
D)Current liability, $600,000.

Question

Use the following information for questions 
Peske Construction Co.began operations in 2010.Construction activity for 2010 is shown below.Peske uses the completed-contract method.
 
-Which of the following should be shown on the balance sheet at December 31, 2010 related to Contract 2?
A)Inventory, $272,000. 
B)Inventory, $328,000. 
C)Current liability, $272,000. 
D)Current liability, $600,000.

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The Answer of Use the following information for questions 
Peske Construction Co.began operations in 2010.Construction activity for 2010 is shown below.Peske uses the completed-contract method.
 
-Which of the following should be shown on the balance sheet at December 31, 2010 related to Contract 2?
A)Inventory, $272,000. 
B)Inventory, $328,000. 
C)Current liability, $272,000. 
D)Current liability, $600,000.

Use the Following Information for Questions