Use the Following Information for Questions 78 and 79

question 51

Multiple Choice

Use the following information for questions 78 and 79.
Kiner, Inc. began work in 2014 on a contract for $16,800,000. Other data are as follows:
-If Kiner uses the percentage-of-completion method, the gross profit to be recognized in 2014 is

• A) $2,880,000.
• B) $3,200,000.
• C) $4,320,000.
• D) $4,800,000.

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Definitions:

\(a _ { 6 }\)

Represents the sixth term in a sequence or series, typically found using a formula for the nth term.

\(34\)

An integer and natural number following 33 and preceding 35.

\(k ^ { 3 }\)

Represents the cube of a variable \(k\), equivalent to multiplying \(k\) by itself twice (\(k*k*k\)).