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:

Conformity

The adjustment of one's behavior or attitudes to match those of others or to fit into societal norms.

Dissenting Voice

An opinion or viewpoint that differs from the majority, often contributing to diversity of thought and innovation within a group.

Reference Group

A group with which an individual strongly identifies.

Majority Opinion

The view or standpoint held by the greater number of individuals within a group or society, often influencing social norms and individual behavior.