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:

Influence Tactic

Strategies or techniques used to persuade others to support one's objectives or agendas.

E-Retailers

Businesses that sell goods or services online, utilizing digital platforms to reach consumers and conduct transactions.

Flame

Flame refers to a hostile or insulting message in online communications, often found in forums or comment sections, that can lead to conflict or cyberbullying.

Reviews and Ratings

Evaluations or assessments of products or services, often provided by consumers, that influence purchasing decisions of others.