Question: Hello this is the second time I am posting the same question due to being incorrect and insufficient. I need exact number of rows without
Hello this is the second time I am posting the same question due to being incorrect and insufficient. Question 1 On July 1, 2017, Concord Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,910,000. On July 1, Concord estimated that it would take between 2 and 3 years to complete the building. On December 31, 2019, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2017, 2018, and 2019. At At 12/31/17 12/31/18 12/31/19 At Contract costs incurred to date Estimated costs to complete the contract Billings to Gumbel (a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31 2017, 2018, and 2019. (ignore income taxes.) (If answer is o, please enter o. Do not leave any field blank) $327,800 $1,180,000 $2,090,400 1,162,200 820,000 300,000 1,110,000 1,870,000 2017 Costs to date (42/31/7) Estimated Cests to Complete Estimated Total Costs $ 327800 162200 490000 20%
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