西蒙

Q25. what is the cumulative effect of the contract on the cash balance that would have been recorded on the company's balance sheet at the end of yeas 2 using the:

Percentage-completion method?                 Completed contract method?

A,.      $400,000                                          $ 0

B.       $400,000                                      $400,000

C.       $2,800,000                                        $0

D.      $2,8000,000                                    $400,000