Use the Following Information for Questions

question 1

Multiple Choice

Use the following information for questions:
Dudeck Construction Co.agreed to build a bridge for Genoa City.The contract specifies that construction will take three years and Dudeck will receive $12,500,000.The company expects annual costs to be $3,500,000; $2,750,000; and $1,800,000.
-Assume Dudeck uses the completed contract method.Expenses recognized in year two will be:

• A)$ -0-
• B)$2,750,000
• C)$2,683,333
• D)$8,050,000

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Definitions:

Dollar Sign ($)

A symbol primarily used to indicate the currency value of dollars and pesos.

SSH

Secure Shell, a cryptographic network protocol used for secure connection over an unsecured network.

Telnet

A nonsecure application protocol that allows connection to a remote network device. Telnet uses port 23. Commonly replaced by the more secure SSH.

Network Devices

Hardware components used to connect computers or other electronic devices together so they can share files or resources, examples include routers, switches, and hubs.