Question: Comolete for year 2 0 2 5 , 2 0 2 6 and 2 0 2 7 and include income statements On July 1 ,
Comolete for year and and include income statements On July Oriole Construction Company Inc. contracted to build an office building for Winds Corp. for a total contract price of $ On July Oriole estimated that it would take between and years to complete the building. On December the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Winds for and
tableAt At At Contract costs incurred to date,$$$Estimated costs to complete the contract,Billings to Winds,
a
Using the percentageofcompletion method, prepare a schedule 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.
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