[单选题]

AAA has a contract to build a building for $100,000 with an estimated time to completion of three years. A reliable cost estimate for the project is $60,000. In the first year of the project, AAA incurred costs totaling $24,000. How much profit should AAA report at the end of the first year under the percentage-of-completion method and the completed-contract method?
 Percentage-of-completion  Completed-contract

A.$16,000          $0

B.$16,000          $40,000

C.$40,000          $0

参考答案与解析:

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