14. If the cost recovery method (zero-profit approach) of accounting was used, the amount of gross profit to be recognized.for years 20x4 and 20x5 would be: 20x420x5 20x4 20x5 P2,150,000. PO. P2,250,000. PO. P2,250,000. P2,150,000. a. PO. C. b. P(100,000). d.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter19: Deferred Compensation
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14. If the cost recovery method (zero-profit approach) of accounting was used, the amount of
gross profit to be recognized.for years 20x4 and 20x5 would be:
20x420x5 20x4 20x5
P2,150,000.
PO. P2,250,000.
PO.
P2,250,000.
P2,150,000.
a.
PO.
C.
b.
P(100,000).
d.
Transcribed Image Text:14. If the cost recovery method (zero-profit approach) of accounting was used, the amount of gross profit to be recognized.for years 20x4 and 20x5 would be: 20x420x5 20x4 20x5 P2,150,000. PO. P2,250,000. PO. P2,250,000. P2,150,000. a. PO. C. b. P(100,000). d.
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