Question: please give me the answer quickly Question 3: Calculate the amount of revenue to be recognized in the following case: a- Cost incurred $40.000 Work

please give me the answer quickly Question 3: Calculate the amount

please give me the answer quickly

of revenue to be recognized in the following case: a- Cost incurred

Question 3: Calculate the amount of revenue to be recognized in the following case: a- Cost incurred $40.000 Work completed 50% Total Revenue 200,000 b- Cost incurred 75,000 Estimated total Cost 300,000 Total Revenue 500,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

please give me the answer quickly Question 3: Calculate the amount of revenue to be recognized in the following case: a- Cost incurred $40.000 Work completed 50% Total Revenue 200,000 b- Cost...

Q:

please give me the answer quickly Question 3: Calculate the amount of revenue to be recognized in the following case: a- Cost incurred $40.000 Work completed 50% Total Revenue 200,000 b- Cost...

Q:

Need a sample answer for part C. Looking for a tutor to answer this question for the tutor credits I have. Would be a great help if someone would work with this price. Thanks a lot, really appreciate...

Q:

Need a sample answer for part C. Looking for a tutor to answer this question for the tutor credits I have. Would be a great help if someone would work with this price. Thanks a lot, really appreciate...

Q:

looking for last question ,journal entry considerlation Financial information at 30 June 2016 of Starr Ltd and its subsidiary company, Lennon Ltd include that shown below. At 1 July 2013, the date...

Q:

Please present your recommendations in a report written for your supervisor, the firm Controller. Clearly show your analysis and communicate your conclusions and recommendations. Support your report...

Q:

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis Already the best quality of photos i...

Q:

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28...

Q:

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28...

Q:

this is my assessment which are am going to send you and i need some things about my assessment : Adding some more detail and diving into the case study a bit deeper would really make your points...

Q:

Which of the following terms of trade credit is the more expensive? a. A 3 percent cash discount if paid on the 15th day with bill due on the 45th day 3/15, net 45) b. A 2 percent cash discount if...

Q:

Compare the classical and Keynesian views on the speed of wage and price adjustment. What are the important consequences of the differences in these views?

Q:

what is the best route for dropping off products efficiency or effectiveness

Q:

A person riding on a bus hears the sound from a horn on a car that is stopped. What is different about the sound when the bus is approaching the car compared to when the bus is moving away from the...

Q:

In a newspaper or magazine, or on the Internet, find an example of a. A descriptive study. b. An inferential study.

Q:

Tobias is a 50% member in Solomon LLC, which does not invest in real estate. On January 1, Tobiass adjusted basis for his LLC interest is $130,000, and his at-risk amount is $105,000. His share of...

Q:

Mountain High Ice Cream Company transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was made without recourse. Prudential remits 90% of the factored amount to Mountain...

Q:

Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication...

Q:

1 . 7 System Requirements and Capabilities In the first paragraph list the operational requirements of the required software ( i . e . the software system you chose ) , including the Functional...

Q:

9. Imagine giving a talk to an assembly that is critical of you. Imagine a large aggressive dog that is your friend and facing the assembly. Imagine further that you are on a mountain top and the...

Q:

8. Now spend two to three hours walking around listening to what people are saying. Place yourself in a place where you can hear what people are saying clearly and distinctly, for example in a cafe,...

Q:

5. Think through your own way of representing the world. What is your main pattern: Visually, verbally, emotions, smells, tastes?