Assume That Spark Uses the Percentage-Of-Completion Method of Accounting

question 37

Multiple Choice

Assume that Spark uses the percentage-of-completion method of accounting.Under the earnings approach, the portion of the total gross profit to be recognized as income in 2010 is

• A)$150,000.
• B)$200,000.
• C)$600,000.
• D)$800,000.

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