The Kenny Construction Co. has been contracted to construct a bridge for $3,000,000 at an estimated cost
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Question:
2022 20232024
Costs to date: $1,000,000 $2,000,000 $2,500,000
Estimated costs to complete: $1,000,000 $500,00 $0
Calculate the percentage of completion for each year.
Calculate the amount of revenue a
Needing a little help calculating the percentage and amount. I'm getting a little confused. Any help would be apperciated. Thank you.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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