Question: please help with accounting queation. The correct answer is marked. Please show work to the correct answer. Casio Co. recognizes construction revenue and expenses using

please help with accounting queation. The correct answer is marked. Please show work to the correct answer.

please help with accounting queation. The correct answer is marked. Please show

Casio Co. recognizes construction revenue and expenses using the percentage-of-completion method. During 2016, a single long-term project was begun, which continued through 2018. Information on the project follows: The 12/31/17 CIP balance is: Select one: a. $50,000 b. $322,000 c. $619,000 d. $106,000 e. $392,000 The correct answer is: $619,000

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