Use the Information Below to Answer the Following Questions:
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question 10

Multiple Choice

Use the information below to answer the following questions:
On 1 January 2010, Romulus Ltd signed a contract worth $21 000 000 to construct a light rail from here to there. The light rail was to be built over 3 years, with progress payments of $7 000 000 to be made at the end of each year. Estimated costs were $15 000 000 and the following costs incurred and paid by Romulus Ltd were in accordance with estimates and represented the percentage completed in each year:
$\begin{array}{llcc} & \text {\$ } \\ \text {2010 } &\$ 8000000 \\ \text { 2011 } &\$ 5000000 \\ \text { 2012} &\$ 2000000 \\ \text { } &\\ \text { } &\\\end{array}$

The project was completed in December 2012.
-Using the completion of production method,what profit would Romulus Ltd report in 2012?

• A) $800 000
• B) $5 000 000
• C) $6 000 000
• D) $0.

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Definitions:

Theory of Planned Behavior

A psychological theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes, subjective norms, and perceived behavioral control.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that describes the physiological changes the body goes through under stress.

Cognitive Appraisal Model

A theory in psychology that explains the process through which individuals evaluate and cope with a stressful event or situation.

Social Support

Emotional, informational, or instrumental assistance from others.