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      Question

      How to compute Estimated Profit under a Contract A/C?

      A Value of Work Certified + Value of Work Uncertified – Cost of work to date Correct Answer Incorrect Answer
      B Value of Work Certified + Value of Work Uncertified Correct Answer Incorrect Answer
      C Value of Work Certified – Cost of work to date Correct Answer Incorrect Answer
      D Value of Work Certified + Value of Work Uncertified – Cost of work certified Correct Answer Incorrect Answer
      E Contract Price – Total Cost already incurred – estimated additional costs to complete the contract Correct Answer Incorrect Answer

      Solution

      The correct answer is E

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