Under the Percentage of Completion Method,the Amount of Work Completed

question 18

Multiple Choice

Under the percentage of completion method,the amount of work completed in a particular year is typically determined by comparing which of the following?

• A)the costs incurred that year divided by the estimated total costs of the project.
• B)the cost incurred that year divided by the contract price.
• C)the total costs incurred to date divided by the contract price.
• D)the total costs incurred to date divided by the cash collected to date from the customer.

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Definitions:

Somatic

Pertaining to the body, especially as distinct from the mind or the environment.

Autonomic

Relating to the part of the nervous system that controls involuntary actions of the body, such as heart rate and digestion.

Sympathetic

Refers to the part of the autonomic nervous system that accelerates heart rate, constricts blood vessels, and raises blood pressure.

Sympathetic

Showing feelings of pity and sorrow for someone else's misfortune; understanding between people; common feeling.