[P2] LONG TERM CONSTRUCTION CONTRACTS - CHAPTER 3 LONG TERM...

Info icon This preview shows page 1. Sign up to view the full content.

CHAPTER 3 LONG TERM CONSTRUCTION CONTRACTS PERCENTAGE OF COMPLETION 1 st year Subsequent Yr. Total Contract Price xx xx Cost Incurred to date (a) Estimated Cost to Complete (b) xx xx xx xx Total Estimated Costs (c) (xx) (xx) Estimated Gross Profit Multiply by % of Completion (a/c) xx xx% xx xx% Gross Profit Earned to date Gross Profit Earned Prior year xx - xx (xx) Gross Profit Earned Current year xx xx Alternative Method 1 st year Subsequent Yr. Total Contract Price
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: xx xx Multiply by % o± completion xx% xx% Value o± contract Earned Cost incurred to date xx (xx) xx (xx) Gross Proft Earned to date Gross Proft Earned Prior year xx-xx (xx) Gross Proft Earned Current year xx xx COST RECOVERY/ ZERO PROFIT 1 st year Subsequent yr. Construction Revenues Cost Incurred each year xx xx xx xx Gross Proft Earned Current Year xx xx...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern