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Use the Following Information for Questions 78 and 79

question 46

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: 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 completed-contract method, the gross profit to be recognized in 2015 is A)  $2,720,000. B)  $5,600,000. C)  $2,800,000. D)  $11,200,000.
-If Kiner uses the completed-contract method, the gross profit to be recognized in 2015 is


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