Use the Following Information to Answers Questions

question 37

Multiple Choice

Use the following information to answers questions
During 2017, Indie Corp.started a construction job with a total contract price of $700,000.Indie has consistently used the completed contract method.The job was completed on December 15, 2017.Additional data are as follows:
-For 2015, what amount should Horn recognize as gross profit?

• A)$0
• B)$80,000
• C)$95,000
• D)$125,000

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Definitions:

Approach-Avoidance Conflict

A psychological struggle occurring when a goal is both appealing and disconcerting to an individual.

Approach-Approach Conflict

A psychological dilemma occurring when an individual must choose between two desirable outcomes.

Avoidance-Avoidance Conflict

A situation where a person must choose between two equally unattractive options or outcomes.

Joint Decisions

The process of making decisions collaboratively among two or more parties or stakeholders, often involving negotiation or consensus-building.