Use the Following Information to Answers Questions During 2014, Horn

question 42

Multiple Choice

Use the following information to answers questions During 2014, Horn Corp.started a construction job with a total contract price of $700,000.Horn has consistently used the completed contract method.The job was completed on December 15,
-For 2014, what amount should Horn recognize as gross profit?

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

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Definitions:

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