On January 1,2014,Artigas,Inc

question 22

Essay

On January 1,2014,Artigas,Inc.obtained a contract to construct a building.It was estimated at the beginning of the contract that it would take 3 years to complete the project at an expected cost of $200,000.The contract price was $250,000.The following information describes the status of the job at the close of production each year:

Compute the items listed below for each year assuming the use of the percentage-of- completion cost-to-cost method.(Round all percentages to two decimals.)

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Definitions:

Spillover Effect

The phenomenon where an individual's emotions or behaviors in one area influence another aspect of their life or another individual's emotional state.

Cannon-Bard Theory

A theory of emotion that argues that we experience physiological arousal and emotional feelings simultaneously and independently.

Neck-Level Spinal

Pertaining to the region of the spinal cord that is located at the level of the neck, involving cervical vertebrae.

Two-Factor Theory

A psychological theory that proposes emotions are based on two factors: physiological arousal and cognitive labeling of that arousal.