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:

Blackface

A racially insensitive practice where performers darken their skin to imitate and stereotype African Americans, historically common in minstrel shows and other forms of entertainment.

Vaudevillian Performance

A type of entertainment popular in the early 20th century, consisting of a mixture of specialty acts such as burlesque comedy, song, and dance.

Hand-tinting

A method of manually adding color to black-and-white photographs or films, often resulting in a distinctive, artistic look.

Uniform Tinting

The process of applying a single color tone across an entire film or visual piece, often used in early cinema to convey mood or time of day.