Question: TB Problem 6 - 2 4 0 ( Algo ) Beck Construction Company began work on a . . . Beck Construction Company began work
TB Problem Algo Beck Construction Company began work on a
Beck Construction Company began work on a new building project on January The project is to be completed by December
for a fixed price of $ million. The following are the actual costs incurred and estimates of remaining costs to complete the
project that were made by Beck's accounting staff:
Required:
What amount of gross profit or loss would Beck record on this project in each year, assuming that Beck recognizes revenue for this
project upon completion of the project?
Note: Enter "None" if there is no requirement of recognizing profit or loss. Loss amounts should be indicated with a minus sign.
Enter your answers in millions ie should be entered as
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