商业财务第 1212 / 1605 题
A contractor completes a $180,000 contract billed with 10% retention. Two-thirds of the way through he has billed $120,000. How much retention is being held at that point?
a.$108,000
b.$18,000
c.$6,000
d.$12,000
解析
Retention held to date = 10% of amount billed to date = 10% x $120,000 = $12,000. Retention accrues on each progress billing until released at completion.
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