The Following Data Relate to a Construction Job Started by Harrington

question 64

Multiple Choice

The following data relate to a construction job started by Harrington Co.during 2014:

-See Harrington Co.information above.Under the percentage-of-completion method,how much should Harrington recognize as gross profit for 2014?

• A) $0
• B) $40,000
• C) $80,000
• D) $100,000

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Definitions:

Paying Attention

The process of focusing cognitive resources on a specific aspect of the environment while ignoring other perceivable information.

Organised

Having one's thoughts, actions, and possessions in order so as to operate efficiently and effectively.

Wernicke's Area

A region of the brain important for language development, located in the temporal lobe, responsible for the comprehension of speech.

Pituitary Gland

A small, pea-sized gland located at the base of the brain, considered the master gland because it produces hormones that regulate many functions of other endocrine glands.