Question: can you help out with a4) pls Your answer is correct. Under the percentage-of-completion method, calculate the total loss in 2024. Total loss in 2024




Your answer is correct. Under the percentage-of-completion method, calculate the total loss in 2024. Total loss in 2024 Under the percentage-of-completion method, calculate revenue recognized in 2024. Revenue recognized in 2024 Under the percentage-of-completion method, how would lvanhoe record the long-term contract revenues, expenses, and loss in 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manualiy. If no entry is required, select. "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries:) Under the percentage-of-completion method, calculate the construction costs to be expensed in 2024. Construction cost expensed in 2024 Assume that Ivanhoe Construction Company has a non-cancellable contract to construct a $4,600,000 bridge at an estimated cost of $4,140,000. The contract is to start in July 2023 , and the bridge is to be completed in October 2025. The following data pertain to the construction period. Assume that progress billings are non-refundable. The revised estimates for the bridge contract are as follows
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