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Use the Following Information for Questions

Question 212

Multiple Choice

Use the following information for questions. Tuba Ltd.began work in 2014 on a contract for $1,250,000.Other data are: Use the following information for questions. Tuba Ltd.began work in 2014 on a contract for $1,250,000.Other data are: Revenue Recognition 6 - 19 -If Tuba uses the completed-contract method, the gross profit to be recognized in 2015 is A) $375,000. B) $400,000. C) $850,000. D) $1,000,000. Revenue Recognition 6 - 19
-If Tuba uses the completed-contract method, the gross profit to be recognized in 2015 is


A) $375,000.
B) $400,000.
C) $850,000.
D) $1,000,000.

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