Tiger Company Has Consistently Used the Percentage-Of-Completion Method of Recognizing

question 39

Multiple Choice

Tiger Company has consistently used the percentage-of-completion method of recognizing income. In 2005, Tiger started on an $18,000,000 construction contract that was completed in 2007. The following information was taken from Tiger's 2005 accounting records: What amount of revenue should Tiger recognize on the contract in 2005?

• A) $6,000,000
• B) $5,400,000
• C) $9,000,000
• D) $0

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Definitions:

Brain Wave Pattern

The electrical activity in the brain, typically categorized into different types (e.g., alpha, beta) that reflect different states of consciousness or mental activities.

Evolutionary Bases

Fundamental aspects or principles that are explained through the process of evolution, focusing on how evolutionary theory accounts for certain physical, psychological, or behavioral traits.

Rapid Eye Movements

Quick, simultaneous movements of both eyes in the same direction, associated with the REM phase of sleep when dreaming occurs.

Dreaming

A complex experience of images, sounds, ideas, and emotions occurring involuntarily in the mind during certain stages of sleep.