REVIEW QUESTIONS

$9\mathrm{.}1$ Based on the project data presented in the table, calculate for each of the projects the revenue that would be recognized using $($a$)$ cash and $($b$)$ straight accrual methods. In addition, calculate $($c$)$ the revenue using the percentage$-$of$-$completion method and $($d$)$ the gross profit to date using the percentage$-$of$-$completion method.

$\backslash$table$[[\backslash$table$[[$Project$],[$financial data$]],\backslash$table$[[$Candy store$],[$project$]],\backslash$table$[[$Toy store$],[$project$]],\backslash$table$[[$Ice rink$],[$project$]]],[$Contract amount,$$5,000,000,$$$5,000,000,$$$5,000,000$