Multiple Choice
Use the following information for questions 57-58.
Dinca Construction Co. agreed to build a bridge for Gotham City. The contract specifies that construction will take three years and Dinca will receive $12,500,000. The company expects annual costs to be $3,500,000; $2,750,000; and $1,800,000.
-Assume Dinca uses the percentage of completion method. Profits for year one will be
A) $0.
B) $1,483,333.
C) $1,934,783.
D) $4,450,000.
Correct Answer:

Verified
Correct Answer:
Verified
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