Use the Following Information for Questions

question 21

Multiple Choice

Use the following information for questions
Peske Construction Co.began operations in 2010.Construction activity for 2010 is shown below.Peske uses the completed-contract method.

-Which of the following should be shown on the balance sheet at December 31, 2010 related to Contract 3?

• A)Inventory, $80,000.
• B)Inventory, $140,000.
• C)Inventory, $840,000.
• D)Inventory, $900,000.

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Definitions:

Cognitive Theorists

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