New Center Co . has concluded a contract with the Defense Department for $ 4 9 5

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Question:

New Center Co

.

has concluded a contract with the Defense Department for $

495, 000

with a

forecasted cost of $

375, 000 .

It is estimated at this time that

60 %

of the job is complete with a cost

-

-

date amount of $

276, 000

and a draw of $

276, 000 .

At this rate, what is the completed job cost will

amount?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 20, 2024 04:55 AM

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New Center Co . has concluded a contract with the Defense Department for $ 4 9 5

Question:

Expert Answer:

To calculate the completed job cost amount we can use the formu... View the full answer

Income Tax Fundamentals 2013

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