Reference no: EM133105116
Question - On December 31, 2012, DXC Construction signs a contract with the Ontario Ministry of Transportation to build a bridge. DXC anticipates the construction will take three years. The company's accountants provide the following contract details relating to the project:
DXC uses the percentage of completion method to recognize revenue. Which of the following represent the revenue recognized in 2013, 2014, and 2015?
a. $140 million, $140 million, $140 million
b. $30 million, $180 million, $90 million
c. $12 million, $72 million, $36 million
d. $42 million, $252 million, $126 million
e. None of the above
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