Multiple Choice
The profit for a particular project of Blue Fin Ltd, using the percentage of completion method, was $470 000 for year 1 and $690 000 for year 2 (completion) . What difference would there be to profit for year 2 if the completion of production method were used?
A) Profit would be $470 000 higher.
B) Profit would be $690 000 higher.
C) Profit would be $1 160 000 higher.
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
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