Question: On July 1 , 2 0 2 5 , Oriole Construction Company Inc. contracted to build an office building for Winds Corp. for a total
On July Oriole Construction Company Inc. contracted to build an office building for Winds Corp. for a total contract price of $ On July Oriole estimated that it would take between and years to complete the building. On December the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Winds for and AtAtAtContract costs incurred to date$$$Estimated costs to complete the contractBillings to WindsUsing the costrecovery method, prepare a schedule to compute the profit or loss to be recognized as a result of this contract for the years ended December Ignore income taxes.If answer is please enter O Do not leave any fields blank.
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