Robin Construction Company Began a Long-Term Contract in 2018

question 33

Multiple Choice

Robin Construction Company began a long-term contract in 2018. The contract price was $800,000. The estimated cost of the contract at the time it was begun was $500,000. The actual cost incurred in 2018 was $350,000. The contract was completed in 2019 and the cost incurred that year was $125,000. Under the percentage of completion method:

• A) Robin should report $300,000 of income in 2018.
• B) Robin should report $90,000 of income in 2019.
• C) Robin will receive interest (under the lookback method) on the underpayment of taxes in 2018.
• D) Robin should report $325,000 of income in 2018.
• E) None of the above is correct.

Identify the actions and interventions that promote health and prevent diseases.

Understand the factors influencing health behaviors and the application of models such as Pender's model and the health belief model.

Understand the role of demographic, geographic, and health behavior data in epidemiological research.

Recognize the importance of research design in epidemiological studies.

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Definitions:

Issue Date

The date on which a document, such as a check, bond, or stock, is issued or goes into effect.

Simple Interest

Interest calculated only on the initial amount of money deposited or borrowed, without compounding.

Treasury Bills

Promissory notes issued (at a discount to face value) by the federal government or a provincial government to borrow money for a short term.

Auction

A public sale where goods or property are sold to the highest bidder.