In 2010, Rigsby Would Recognize Realized Gross Profit Of

question 37

Multiple Choice

In 2010, Rigsby would recognize realized gross profit of:

• A)$ 0.
• B)$450,000.
• C)$300,000.
• D)$400,000.Gross profit % = ($4,500,000 3,600,000)/$4,500,000 = 20% 2009: 20% $500,000 = $100,000
• 2010: 20% [($4,500,000 500,000)/2] = $400,000

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Definitions:

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