Question: In 2 0 2 5 . Cullumber Construction Corp, began construction work under a 3 - year contract. Thie contract price was $ 1 ,

In 2025. Cullumber Construction Corp, began construction work under a 3-year contract. Thie contract price was $1,020,000. Cullumber uses the percentage-of-completion method for friancial accounting purposes. The income to be recogrized each year is based on the proportion of cost incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December 31,2025, are shown below. Income Statement Income (before tax) on the contract retognized in 2025 $18,910(a) Your answer is correct. How much cash was collected in 2025 on this contract? .(b) What was the initial estimated total income before tax on this contract? . Part a has been answered answer part B (b)
Your answer is incorrect.
What was the initial estimated total income before tax on this contract?
Income before tax on this contract \$
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In 2 0 2 5 . Cullumber Construction Corp, began

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