Problem $1$: PDJ Corp. entered into two contracts with Mr$.$ X to construct a pool in

two different locations, Laguna and Bulacan. At contract inception, PDJ assesses its

performance obligation in the contract and concludes that the contracts are separate

and distinct pruject and it shall be satisfied over time. The following data related to

the construction are presented below:

Compute the realized gross profif $($loss$)$ to be reported by the company using:

Percentage of completion Method

a$.$

$(200,000)$

Zero Profit Method

b$..$

$200,000$

$200,000$

c$.$

d$.$

$225,000$

$(200,000)$

$200,000$

$(200,000)$