1. Hello po I really need help answering this salamat po :
   

AAA Contractors recognizes construction revenues and expenses using the percentage of completion method. During 2011, a single long term contract was started, which continued through the year 2012. Information the select follows: 2011 2012 Account receivable on contract P100,000 P300,000 Construction expense for year 105,000 192,000 Construction in progress 122,000 364,000 Partial billings on contract 100,000 420,000 * Required Email address * asde@gmail.com 1. Profit Recognized in 2011 should be * 1 point a. P 50,000 O b. P 108,000 O C. P 17,000 O d. P 122,000 2. Profit recognized in 2012 should be * 1 point a. P 50,000 O b. P 108,000 O C. P 17,000 O d. P 122,000