Antoine Construction Company has consistently used the percentage-of completion method of recognizing income.During 2014,Antoine entered into a fixed-price contract to construct an office building for $10,000,000.Information relating to the contract is as follows: 
Contract costs incurred during 2015 were
A) $3,200,000.
B) $3,300,000.
C) $3,500,000.
D) $4,800,000.
Correct Answer:
Verified
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