[Solved] In 2017,Indiana Incurred Additional Costs of $58

Question 177
Multiple Choice

In 2017,Indiana incurred additional costs of $58.5 million and estimated an additional $40.5 million in costs to complete the project.Indiana:

A)Recognized $15 million gross profit on the project in 2017.
B)Recognized $13.5 million gross profit on the project in 2017.
C)Recognized $6 million gross profit on the project in 2017.
D)Recognized $1.5 million gross profit on the project in 2017.

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