Multiple choice answers:

1 . c) $90,000
2. a) 3,75,000
3 . a) Yes & No
4. a) 9,95,000
5. d) decrease , decrease
6. a) 40,000
7. a) 100000
8. d) 10000
9.a) recognize only if they are diluted
10.b)10.39
11.c)7.71
12.b) no, yes
13.d)13500
14.a) after cash collections equal to the cost of sales have been received
15.a) 0, 85000
16.c)10000
17.b)13,333
18.Actual cost incurred to date to total estimate costs
19. b)300000
20.c) 80000
21.
22.
23.
24.
25.
26.
27.

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30.