Question: . In Year 1 , a contractor agrees to build a building for $ 2 , 5 0 0 , 0 0 0 by the

. In Year 1, a contractor agrees to build a building for $2,500,000 by the end of year 2. The builder's cost is estimated to be $1,800,000. The actual costs in Year 1 are $900,000 and Year 2's actual costs are $1,300,000. Under the completed contract method, the gross profit for Year 1 is
A) $0.
B) $300,000.
C) $350,000.
D) $700,000.

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