United Coco FUCCI Constructe maig 2011 2010 contract with Athadiya Development Chat are Contract amount $3,000,000 Cost 2017 1.200.000 2018 600,000 Gross prome 2017 800,000 2018 400,000 Contract billings: 2017 1,500,000 2018 1,500,000 FUCC uses the cost recovery method under IFRS to recognize revenue Quad Save follow What is the journal entry in 2017 to record revenue? 50 2.300,000 Select one: O A. Accounts receivable Gross profit Revenue from long-term construction contracts O B. Construction in progress Cost of construction Revenue from long-term construction contracts 800,000 1,500,000 800,000 1,200,000 2,000,000 O c. Cost of construction Revenue from long-term construction contracts 1,200,000 1,200,000 O D. Accounts receivable Revenue from long-term construction 1,500,000 MacBook