Shepard Construction Company Has Consistently Used the Percentage-Of- Completion Method

question 26

Multiple Choice

Shepard Construction Company has consistently used the percentage-of- completion method. On January 10, 2011, Shepard began work on a $3,000,000 construction contract. At the inception date, the estimated cost of construction was $2,250,000. The following data relate to the progress of the contract:

How much gross profit should Shepard recognize for the year ended December 31, 2012?

• A) $150,000
• B) $262,500
• C) $300,000
• D) $450,000

---

Definitions:

Analyzing Audience

The process of examining and understanding the characteristics, needs, and preferences of the intended recipients of a message or product.

Effective Closing

This refers to the final part of a communication or presentation that is designed to reinforce the main message and motivate the audience to take a desired action.

Audience Interested

A group of individuals who show curiosity or engagement in a particular topic, event, or product.

Communication Skills

The ability to convey or exchange information effectively through various means, including verbal, non-verbal, written, and digital channels.