Early in 2018,Forest Ltd

question 72

Multiple Choice

Early in 2018,Forest Ltd.signed a contract to construct a warehouse.Forest's management estimated the gross profit on the contract to be $740,000,as indicated by the following:

At the end of 2018,the status of the work on the contract was as follows:

How much revenue can be recognized on this contract for 2018,assuming that Forest uses the
Percentage of completion basis for long-term construction contracts (round to nearest dollar) ?

• A)$333,000
• B)$863,333
• C)$1,575,000
• D)$1,711,957

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Definitions:

Hispanic Ethnicity

Refers to a diverse group of people who trace their origins to Spanish-speaking countries, primarily in Latin America, and share a common cultural heritage, language, and often, a common racial identity.

Effect Measure Modifier

A variable that modifies the effect of a primary exposure on an outcome, varying the effect measure across levels of the modifier.

Exposure-Disease Relationship

Refers to the link or association between a specific factor (exposure) and the likelihood of developing a certain disease or health condition.

Factor Z

An unidentified or unspecified factor that could influence outcomes or conditions in various contexts.