Use the following information to answers questions
During 2017, Indie Corp.started a construction job with a total contract price of $700,000.Indie has consistently used the completed contract method.The job was completed on December 15, 2017.Additional data are as follows:
-For 2017, what amount should Horn recognize as gross profit?
A) $0
B) $80,000
C) $95,000
D) $125,000
Correct Answer:
Verified
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