Question
On December 31, 2012, DXC Construction signs a contract with the... On December 31, 2012, DXC Construction signs a contract with the Ontario Ministry of
On December 31, 2012, DXC Construction signs a contract with the...
On December 31, 2012, DXC Construction signs a contract with the Ontario Ministry of Transportation to build a bridge. DXC anticipates the construction will take three years. The company's accountants provide the following contract details relating to the project:
DXC uses the percentage of completion method to recognize revenue. Which of the following represent the revenue recognized in 2013, 2014, and 2015?
Select one:
a.$140 million, $140 million, $140 million
b.$30 million, $180 million, $90 million
c.$12 million, $72 million, $36 million
d.$42 million, $252 million, $126 million
e.None of the above
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