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The Following Data Relate to a Construction Job Started by Worthington

Question 13

Multiple Choice

The following data relate to a construction job started by Worthington Co. during 2011:
The following data relate to a construction job started by Worthington Co. during 2011: See Worthington Co. information above. Under the completed-contract method, how much should Worthington recognize as gross profit for 2011? A) $0 B) $30,000 C) $40,000 D) $90,000
See Worthington Co. information above. Under the completed-contract method, how much should Worthington recognize as gross profit for 2011?


A) $0
B) $30,000
C) $40,000
D) $90,000

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