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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:
The project was completed in December 2012.
-Using the completion of production method,what profit would Romulus Ltd report in 2012?
Self-actualization
The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.
Psychosexual Development
Psychosexual Development is a Freudian concept, suggesting that children pass through a series of stages centered on erogenous zones, and successful completion of these stages results in a healthy personality.
Libido
A term often used to describe sexual drive or desire, influenced by biological, psychological, and social factors.
Sexual Interest
An individual's preference or inclination towards sexual activity or attractions.
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