amar has a contract to build a building for a customer for a total sales price of $15 million. all take an estimated three years to build. Considerable uncertainty surrounds total building costs because of material cost increase. The outcome cannot be but it is probable that the costs up to the agreed-upon price will be recovered. Expenditures are $2 million, S4 million, and 55 stor Year 12 and 3, respe a. How much revenue, expense (cost of construction), and income/profit would the company recognize each year under FRS? b. Damac, another construction company will use hedging and will NOT have any uncertainty and can reliably measure the conts. All the project dat as Emmar ke above. What will the revenue, expense (cost) and profit would the company recognize using percentage-at-completion method of recognition c. What are the business elements you address in this problem (From ch1-2-3) ry Purchases 3,000 units at $10 per unit 1,000 units at $11 per unit 2,000 units at $12 per unit amar has a contract to build a building for a customer for a total sales price of $15 million. all take an estimated three years to build. Considerable uncertainty surrounds total building costs because of material cost increase. The outcome cannot be but it is probable that the costs up to the agreed-upon price will be recovered. Expenditures are $2 million, S4 million, and 55 stor Year 12 and 3, respe a. How much revenue, expense (cost of construction), and income/profit would the company recognize each year under FRS? b. Damac, another construction company will use hedging and will NOT have any uncertainty and can reliably measure the conts. All the project dat as Emmar ke above. What will the revenue, expense (cost) and profit would the company recognize using percentage-at-completion method of recognition c. What are the business elements you address in this problem (From ch1-2-3) ry Purchases 3,000 units at $10 per unit 1,000 units at $11 per unit 2,000 units at $12 per unit