Question: Chen Corp. uses the cost-to-cost method to account for its construction contracts. The contract price of the project is P1,800,000. It was estimated that it

Chen Corp. uses the cost-to-cost method to account for its construction

Chen Corp. uses the cost-to-cost method to account for its construction contracts. The contract price of the project is P1,800,000. It was estimated that it will take 36 months to complete the contract. The following information is available: 3. What is the % of completion in 2022

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