Bartov Corporation agreed to build a warehouse for a client at an agreed contract price of ($
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Bartov Corporation agreed to build a warehouse for a client at an agreed contract price of \(\$ 300,500\). Expected (and actual) costs for the warehouse follow: 2013, \(\$ 80,000 ; 2014, \$ 150,000\); and 2015, \(\$ 40,500\). The company completed the warehouse in 2015 . Compute revenues, expenses, and income for each year 2013 through 2015 using the percentage-of-completion method. (Round percents to the nearest whole number.)
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Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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