Use the Following Information for Questions 83 and 84

question 121

Multiple Choice

Use the following information for questions 83 and 84.
Eilert Construction Company had a contract starting April 2015, to construct a $21,000,000 building that is expected to be completed in September 2016, at an estimated cost of $19,250,000. At the end of 2015, the costs to date were $8,855,000 and the estimated total costs to complete had not changed. The progress billings during 2015 were $4,200,000 and the cash collected during 2015 was $2,800,000. Eilert uses the percentage-of-completion method.
-At December 31, 2015, Eilert would report Construction in Process in the amount of

• A) $9,660,000.
• B) $8,855,000.
• C) $8,260,000.
• D) $805,000.

---

Definitions:

Immunogenetic

Pertaining to the genetic basis and hereditary aspects of the immune response within organisms.

Plasmids

Circular DNA molecules that can replicate independently of the chromosomal DNA, often found in bacteria and used in genetic engineering.

Vertical Gene Transfer

The transmission of genetic material from parent organisms to their offspring, following the traditional flow of genetic information.

Antibiotic Resistance

The ability of bacteria to withstand the effects of an antibiotic to which they were once sensitive.