Use the Following Information to Answers Questions

question 40

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 2017, what amount should Horn recognize as gross profit?

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

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Definitions:

Self-Efficacy

A person's confidence in their ability to carry out actions required to achieve certain performance goals.

Shaping

A method of positive reinforcement in psychology used to teach new behaviors by systematically reinforcing successive approximations to the desired behavior.

Secondary Conditioning

A process in classical conditioning where a stimulus that becomes a conditioned stimulus through association with another conditioned stimulus elicits the same conditioned response.

Cognitive-Affective Personality System (CAPS)

A theory that emphasizes the importance of situational variables and cognitive processes in understanding personality.