THE PROJECT WAS STARTED IN 2017 AND WILL BE COMPLETED IN 2019. CONSTRUCTION IN PROGRESS 53,760 CONSTRUCTION
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Question:
THE PROJECT WAS STARTED IN 2017 AND WILL BE COMPLETED IN 2019.
CONSTRUCTION IN PROGRESS 53,760
CONSTRUCTION EXPENSES 47,600
REVENUES FROM LT CONTRACTS 101,360
BOB CORP AT THE END OF 2018 EXPECTS THE LIFETIME GROSS PROFIT ON THE PROJECT
TO EQUAL $186,000. THE PROJECT IS 70% FINISHED AT THE END OF 2019. THE PROJECT WAS 42% FINISHEDT THE END OF 2018.
WHAT DID BOB EXPECT THE LIFETIME GROSS PROFIT ON THE PROJECTTO BE AT THE END OF 2017?
HOW MUCH REVENUE DID BOB REPORT FROM THE PROJECT IN 2017?
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