Use the Following Information for Questions 57-58

question 8

Multiple Choice

Use the following information for questions 57-58.
Dinca Construction Co. agreed to build a bridge for Gotham City. The contract specifies that construction will take three years and Dinca will receive $12,500,000. The company expects annual costs to be $3,500,000; $2,750,000; and $1,800,000.
-Assume Dinca uses the percentage of completion method. Revenue recognized in year three will be

• A) $1,800,000.
• B) $2,795,030.
• C) $4,166,667.
• D) $12,500,000.

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Definitions:

Motivation Gains

Increases in an individual’s drive or enthusiasm towards accomplishing tasks, often due to positive group dynamics or personal incentives.

Engaged

refers to being actively involved or interested in a task or activity.

Physical Presence

Being physically located in a particular place or environment, as opposed to being there virtually or in thought only.

Performance Criteria

are standards or metrics used to evaluate the effectiveness or success of an activity or individual's work.