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d. $320,000 The following data relate to a construction job started by Harrington Co. during 2014: Actual costs incurred during 2014............ Received from customer during

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d. $320,000 The following data relate to a construction job started by Harrington Co. during 2014: Actual costs incurred during 2014............ Received from customer during 2015.............. $300,000 60,000 120,000 90,000 30,000 3. See Harri ngton Co. information above. Under the completed-contract method, how much should Harrington recognize as gross profit for 2014? a. $O b. $30,000 c. $40,000 d. $90,000 See Harrington Co. information above. Under the percentage-of-completion method, ho should Harrington recognize as gross profit for 2014? a. $O b. $40,000 c. $80,000 d. $100,000 w much Golden Construction Company uses the percentage-of-completion method for long-term construction contracts. The company started a proiect with a contract nrice of s 7 iu 201

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