Ch. 18 Assignment Answers

Ch. 18 Assignment Answers - Revenue To Be Recog'd...

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Dan Kelley Ch. 18 Assignment 2010 2011 2012 Contract Price $6,000,000 $6,000,000 $6,000,000 Less Est. Cost: Total Cost Incurred To Date $1,500,000 $2,640,000 $4,600,000 Est. Cost To Complete 2,500,000 1,760,000 -0- Est. Total Cost $4,000,000 $4,400,000 $4,600,000 Est. Total Gross Profit $2,000,000 $1,600,000 $1,400,000 Percentage Complete 37.5% 60.0% 100.0%
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Unformatted text preview: Revenue To Be Recog'd $2,250,000 $3,600,000 $6,000,000 Less: $2,250,000 Less: $3,600,000 $1,350,000 $2,400,000 Gross Profit Recog'd In $750,000 $960,000 $1,400,000 Less: $750,000 Less: $960,000 $210,000 $440,000 Percentage of Completion Competed Contra 2010 $750,000 $0 2011 $210,000 $0 2012 $440,000 $1,400,000 ract...
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This note was uploaded on 03/31/2011 for the course ACC 305 taught by Professor Regoro during the Spring '10 term at University of Dayton.

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Ch. 18 Assignment Answers - Revenue To Be Recog'd...

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