Use the Following Information for Questions 65-68

question 82

Multiple Choice

Use the following information for questions 65-68:
Seasons Construction is constructing an office building under contract for Cannon Company. The contract calls for progress billings and payments of $1,240,000 each quarter. The total contract price is $14,880,000 and Seasons estimates total costs of $14,200,000. Seasons estimates that the building will take 3 years to complete, and commences construction on January 2, 2014.
-At December 31, 2015, Seasons Construction estimates that it is 75% complete with the building; however, the estimate of total costs to be incurred has risen to $14,400,000 due to unanticipated price increases. What is the total amount of Construction Expenses that Seasons will recognize for the year ended December 31, 2015?

• A) $10,800,000
• B) $6,300,000
• C) $6,390,000
• D) $6,540,000

---

Definitions:

Unlearned Instinct

Pertains to an innate behavior or response that an organism is born with, not acquired through learning or experience.

Human Aggression

Behaviours or actions by a person meant to harm or intimidate another person.

Amygdala

A part of the brain involved in emotional processing, including fear, anxiety, and aggression.

Aggressive Tendencies

Inclinations or predispositions towards aggression or hostile behavior.