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

Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixed- beginning September 1, 2023, to build a road for a municipality. It has been estimated that the ro June 2025. The following data pertain to the construction period. Costs to date Estimated costs to complete Progress billings to date (non-refundable) Cash collected to date 2023 $900,000 $1.808,800 1,600,000 948.000 2024 800,000 571.200 2.296.000 2,183,000 2025 $2.346.000 0 2.800.000 2.800.000

Oriole Construction Inc., which has a calendar year end, has entered into a non-cancellable fixec beginning September 1, 2023, to build a road for a municipality. It has been estimated that the r June 2025. The following data pertain to the construction period. eTextbook and Media

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