单选题 JME Construction always uses the percentage of completion method of recognizing revenue. During 2004 JME signs a contract in the amount of $10 million with the following data available:

A、 Costs incurred to date
B、 $2200000
C、 Billings to date
D、 $2000000
E、 Cash collected
F、 $1750000
G、 Total cost of project
H、 $8800000

【正确答案】 A

【答案解析】stage of completion = 25 % (2.2/8.8) revenue to be recognized =0.25×10 million =2.5 million gross profit = 2.5 million-2.2million=300000