Question: Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.8 million beginning September 1, 2023, to build

Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.8 million beginning September 1, 2023,

Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed-price contract for $2.8 million beginning September 1, 2023, to build a road for a municipality. It has been estimated that the road construction will be complete by June 2025 . The following data pertain to the construction period. (a) Using the percentage-of-completion method, calculate the percentage complete for 2023 and 2024 . (Round answers to 2 decimal places, e.g. 52.75\%.) Your answer has been saved. See score details after the due date. Using the percentage-of-completion method, calculate the percentage complete for 2023 and 2024 . (Round answers to 2 decimal places, e.g. 52.75\%.) List of Accounts Attempts: 1 of 1 used (b) Calculate the amount of revenue to be recognized in 2023 and 2024

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