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.

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Definitions:

Grandiose Delusion

A false belief of one's own superiority, uniqueness, or talent that is not grounded in reality, often found in psychiatric conditions like bipolar disorder or schizophrenia.

Grandiose Delusions

Grandiose delusions refer to an individual's irrational and exaggerated belief of self-importance, power, knowledge, or identity.

Persecution Delusions

False beliefs where an individual thinks they are being plotted against, spied on, or harassed by others without evidence.

Control

The power to influence or direct people's behavior or the course of events, often involving a degree of regulation or command.