Use the following information for questions. Tuba Ltd.began work in 2014 on a contract for $1,250,000.Other data are: Revenue Recognition 6 - 19
-If Tuba uses the completed-contract method, the gross profit to be recognized in 2015 is
A)$375,000.
B)$400,000.
C)$850,000.
D)$1,000,000.

Question

Use the following information for questions. Tuba Ltd.began work in 2014 on a contract for $1,250,000.Other data are:  Revenue Recognition 6 - 19
-If Tuba uses the completed-contract method, the gross profit to be recognized in 2015 is
A)$375,000. 
B)$400,000. 
C)$850,000. 
D)$1,000,000.

Quizplus · Accepted Answer

The Answer of Use the following information for questions. Tuba Ltd.began work in 2014 on a contract for $1,250,000.Other data are:  Revenue Recognition 6 - 19
-If Tuba uses the completed-contract method, the gross profit to be recognized in 2015 is
A)$375,000. 
B)$400,000. 
C)$850,000. 
D)$1,000,000.

Use the Following Information for Questions