p18-7ACC349 - 1,500,000 2,000,000 2,100,000 Percent...

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P18-7 A) Computation Of Recognizable Profit/Loss Percentage Of Completion Method 2007 2008 2009 Total Contract Price $1,950,000 $1,950,000 $1,950,000 Costs To Date (12-31-2007) Estimated costs to complete 150,000 1,200,000 2,100,000 Estimated total costs 1,350,000 800,000 0 Estimated Profit
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Unformatted text preview: 1,500,000 2,000,000 2,100,000 Percent Complete 450,000 (50,000) (-100000) 10% 60% 100% B) 2007 2008 2009 Contract Price 1,950,000 1,950,000 Estimated Total Costs 2,000,000 2,100,000 Estimated Gross Profit Estimated Loss (-50,000) (-100,000)...
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