AC553_W1_Solution13_50

AC553_W1_Solution13_50 - Year 2: $375,000. $1,000,000...

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1 Problem 13-50 Solution Long-Term Contracts Long-Term Contracts (¶13,501 and ¶13,515) Year 1: $500,000. $1,000,000 × ($2,000,000 ÷ $4,000,000)
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Unformatted text preview: Year 2: $375,000. $1,000,000 ($1,500,000 $4,000,000) Year 3: $125,000. $1,000,000 ($500,000 $4,000,000)...
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This note was uploaded on 02/21/2012 for the course ACCOUNTING 451 taught by Professor Douglasletsch during the Spring '11 term at DeVry Phoenix.

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