In Year 1 a Contractor Agrees to Build a Building

question 41

Multiple Choice

In year 1 a contractor agrees to build a building for $2,500,000 by the end of year 2.The builder's cost is estimated to be $1,800,000.The actual costs year 1 are $900,000 and year 2's actual costs are $1,300,000.Under the completed contract method,the gross profit for year 1 is

• A)$0.
• B)$300,000.
• C)$350,000.
• D)$700,000.

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Definitions:

EEG

Stands for Electroencephalogram, a test that measures electrical activity in the brain to diagnose conditions like epilepsy or monitor sleep disorders.

Stage 2 Sleep

A phase of sleep characterized by specific brain waves and sleep spindles, serving as a transitional period between light sleep and deep sleep.

Genital Arousal

A physiological response involving increased blood flow to the genital area, often resulting from sexual stimulation.

REM Sleep

A phase of sleep characterized by rapid eye movements, increased brain activity, and vivid dreaming, playing a critical role in emotional regulation and memory consolidation.