In Year 1 a Contractor Agrees to Build a Building

question 73

Multiple Choice

In year 1 a contractor agrees to build a building for $2,500,000 by the end of year 2.The builder's cost is estimated to be $1,800,000.The actual costs year 1 are $900,000 and year 2's actual costs are $1,100,000.Under the percentage of completion method year 1's gross profit is

• A)$0.
• B)$300,000.
• C)$350,000.
• D)$700,000.

---

Definitions:

Urinary Bladder

A hollow muscular organ in the pelvic region of mammals, including humans, for the storage of urine.

Urinary Incontinence

The loss of bladder control resulting in the involuntary leakage of urine, which can have various causes and different levels of severity.

Urine Expulsion

The process of discharging urine from the bladder through the urethra to the outside of the body.

Micturition

The process of urinating or emptying the bladder.