E18-5 - $18,200 Total Value of contract $1,000,000...

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$ a Total Billings $61,500 Less: Accounts Receivable $21,500 Cash Received $40,000 b Total Billings during the year $61,500 Income before tax recognized for the y
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Unformatted text preview: $18,200 Total Value of contract $1,000,000 Estimated Income for the contract $295,935...
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This note was uploaded on 09/20/2008 for the course ACC 363 taught by Professor Rossi during the Spring '08 term at University of Phoenix.

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