The Following Information Relates to Questions

question 9

Multiple Choice

The following information relates to questions
Cooper Construction Company had a contract starting April 2012, to construct a $9,000,000 building that is expected to be completed in September 2014, at an estimated cost of $8,250,000.At the end of 2012, the costs to date were $3,795,000 and the estimated total costs to complete had not changed.The progress billings during 2012 were $1,800,000 and the cash collected during 2012 was 1,200,000.
-At December 31, 2012 Cooper would report Construction in Process in the amount of:

• A)$345,000
• B)$3,795,000
• C)$4,140,000
• D)$3,540,000

---

Definitions:

Recombinant Plasmid

A circular DNA molecule engineered to carry specific gene sequences, used in genetic engineering to clone or express particular genes.

DNA Probe

A labeled single-stranded DNA fragment used to detect a gene of interest in a hybridization experiment.

cDNA Libraries

Collections of complementary DNA (cDNA) molecules synthesized from the messenger RNA of an organism, used to study gene expression and protein function.

mRNA Template

A strand of RNA that carries genetic information from DNA in the nucleus to the cytoplasm for protein synthesis.