The Profit for a Particular Project of Blue Fin Ltd,using

question 5

Multiple Choice

The profit for a particular project of Blue Fin Ltd,using the percentage of completion method,was $470 000 for year 1 and $690 000 for year 2 (completion) .
-What difference would there be to profit for year 1 if the completion of production method were used?

• A) Profit would be $470 000 lower.
• B) Profit would be $470 000 higher.
• C) There would be no difference.
• D) It cannot be determined from the above information.

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Definitions:

Office Decor

The style and arrangement of furnishings and decorations within a workplace, impacting the aesthetic and atmosphere.

Arrangement

The way in which items or affairs are organized, planned, or prepared.

Timely

Pertaining to the occurrence of actions or events at a suitable or opportune moment, ensuring relevance and effectiveness.

Informal Communication

The casual and unstructured manner of exchanging ideas and information typically outside formal communication channels.