Use the following information for questions 57-58.
Dinca Construction Co. agreed to build a bridge for Gotham City. The contract specifies that construction will take three years and Dinca will receive $12,500,000. The company expects annual costs to be $3,500,000; $2,750,000; and $1,800,000.
-Assume Dinca uses the percentage of completion method. Revenue recognized in year three will be
A) $1,800,000.
B) $2,795,030.
C) $4,166,667.
D) $12,500,000.

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The Answer of Use the following information for questions 57-58.
Dinca Construction Co. agreed to build a bridge for Gotham City. The contract specifies that construction will take three years and Dinca will receive $12,500,000. The company expects annual costs to be $3,500,000; $2,750,000; and $1,800,000.
-Assume Dinca uses the percentage of completion method. Revenue recognized in year three will be
A) $1,800,000.
B) $2,795,030.
C) $4,166,667.
D) $12,500,000.

Use the Following Information for Questions 57-58