in The Leto Construction Company began work on a $12,000 contract on 1/1/19. Planned completion was in 2021. The Percentage of Completion method is used. Given the following: Costs incurred to date Estimated costs to complete Billings to date Collections to date 2019 $2,500 7,500 4,000 3,800 Select one: O a $(150) Ob $150 OC $450 O d. $(450) December

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Intermediate Accounting Reporting and Analysis

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

ISBN: 978-1285453828