Problem 18-6 - 4200 6720 8400 est total gross profit 2000...

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2007 2008 2009 Contract price 8400 8400 8400 Contract cost (incurred during year) 3200 2600 1450 Est cost to complete 3200 1450 0 Billing to during the year 3200 3500 1700 Cost incurred to date 3200 5800 7250 Est total cost to complete 6400 7250 7250 % completion 50.00% 80.00% 100.00% Revenue to be regonized to date
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Unformatted text preview: 4200 6720 8400 est total gross profit 2000 1150 1150 gross profit to be recognized 1000 920 1150 Current Year Revenue 4200 2520 1680 Current Year's Gross Profit 1000-80 230 b) contract method /gross profit 1150=8400-7250...
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This note was uploaded on 08/06/2009 for the course BUSINESS 4444 taught by Professor Dr.dale during the Spring '09 term at University of Texas at Dallas, Richardson.

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