Question: a ( 3 ) need help figuring out On May 1 , 2 0 2 5 , Blossom Construction Company contracted to construct a factory
a need help figuring out
On May Blossom Construction Company contracted to construct a factory building for a total contract price of $ The building was completed by May The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for and are given below.
Your answer is correct.
Using the percentageofcompletion method, prepare schedules to compute the profit or loss to be recognized as a result of this
contract for the year ended December Ignore income taxes.If answer is please enter Do not leave any fields blank.
Enter loss using either a negative sign preceding the number eg or parentheses eg Round percentages to decimal place, eg
and other answers to decimal places, eg
Costs to date
$
Estimated Costs to Complete
$
Revenue Recognized
$
$
Using the percentageofcompletion method, prepare schedules to compute the profit or loss to be recognized as a result of this
contract for the year ended December Ignore income taxes.If answer is please enter Do not leave any fields blank.
Enter loss using either a negative sign preceding the number eg or parentheses eg Round percentages to decimal place, eg
and other answers to decimal places, eg
$
Estimated Total Costs
$
Percent Complete
Revenue Recognized in
$
Costs Incurred in
Profit Loss Recognized in
$
a
Using the percentageofcompletion method, prepare schedules to compute the profit or loss to be recognized as a result of this
contract for the years ended December Ignore income taxes.If answer is please enter Do not leave any fields blank.
Enter loss using either a negative sign preceding the number eg or parentheses eg Round percentages to decimal place, eg
and other answers to O decimal places, eg
$
$
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