Question: Multiple Choice Question 104 Oriole Construction Company had a contract starting April 2018, to construct a $23100000 building that is expected to be completed in
Multiple Choice Question 104 Oriole Construction Company had a contract starting April 2018, to construct a $23100000 building that is expected to be completed in September 2020, at an estimated cost of $21100000. At the end of 2018, the costs to date were $7807000 and the estimated total costs to complete had not changed. The progress billings during 2018 were $390000 and the cash collected during 2018 was 3110000. Orice uses the percentage-of-completion method. For the year ended December 31, 2018, Oriole would recognize gross profit on the building of: $13293000 $740000 $675931 $0 Click if you would like to show Work for this questions Open Show Work
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