BRIGADIER CONSTRUCTIONS, INC. had been working on three different projects during 2017, which had been started...
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BRIGADIER CONSTRUCTIONS, INC. had been working on three different projects during 2017, which had been started in different years. The following data pertain to the jobs at the end of 2017. The company uses the percentage of completion method in accounting for long-term projects. Job Construction Period Contract Price Cost Incurred to Est. Cost to Billings to Date Collections to Date Complete Date 2017 520,000 330,000 520,000 440,000 2. 2016 2017 5,529,600 1,843,200 3,446,784 3,072,000 2,297,856 1,935,360 3,686,400 1,843,200 3,512,080 3. 2015 2016 2017 8,000,000 1,024,000 3,993,600 6,473,600 4,096,000 2,246,400 1,500,000 5,250,000 8,000,000 1,310,000 5,000,000 7,800,000 The gross profit recognized in 2015 was the gross profit recognized in 2015 was? the number of accounts receivable in the 2017 balance sheet will be? the total gross profit for all the projects to be recognized in 2017 will be? the amount of current liability shown in the 2016 balance sheet was? BRIGADIER CONSTRUCTIONS, INC. had been working on three different projects during 2017, which had been started in different years. The following data pertain to the jobs at the end of 2017. The company uses the percentage of completion method in accounting for long-term projects. Job Construction Period Contract Price Cost Incurred to Est. Cost to Billings to Date Collections to Date Complete Date 2017 520,000 330,000 520,000 440,000 2. 2016 2017 5,529,600 1,843,200 3,446,784 3,072,000 2,297,856 1,935,360 3,686,400 1,843,200 3,512,080 3. 2015 2016 2017 8,000,000 1,024,000 3,993,600 6,473,600 4,096,000 2,246,400 1,500,000 5,250,000 8,000,000 1,310,000 5,000,000 7,800,000 The gross profit recognized in 2015 was the gross profit recognized in 2015 was? the number of accounts receivable in the 2017 balance sheet will be? the total gross profit for all the projects to be recognized in 2017 will be? the amount of current liability shown in the 2016 balance sheet was?
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2 Accounts receivable in 2017 balance Sheet will be Particulars Billed to Date Collections to Date B... View the full answer
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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