When answering questions three and four, make the following additional assumptions: On December 31, 2022, Fluor...

Transcribed Image Text:

When answering questions three and four, make the following additional assumptions: On December 31, 2022, Fluor revised its estimate of the total construction cost from the original estimate of $20,0000,000 to $23,000,000. During 2022, Fluor incurred construction costs (with respect to the water treatment plant) of $18,700,000. Question 3 2.5 pts How much revenue (with respect to the water treatment plant) did Fluor recognize in 2022? Your answer should be in dollars. It should be an integer and you should omit the dollar sign. Question 4 2.5 pts How much gross profit (with respect to the water treatment plant) did Fluor recognize in 2022? Your answer should be in dollars. It should be an integer and you should omit the dollar sign. When answering questions three and four, make the following additional assumptions: On December 31, 2022, Fluor revised its estimate of the total construction cost from the original estimate of $20,0000,000 to $23,000,000. During 2022, Fluor incurred construction costs (with respect to the water treatment plant) of $18,700,000. Question 3 2.5 pts How much revenue (with respect to the water treatment plant) did Fluor recognize in 2022? Your answer should be in dollars. It should be an integer and you should omit the dollar sign. Question 4 2.5 pts How much gross profit (with respect to the water treatment plant) did Fluor recognize in 2022? Your answer should be in dollars. It should be an integer and you should omit the dollar sign.

Answer rating: 100% (QA)

1 Revenue Calculation Revenue represents the total income generated from a business activity In this ... View the full answer