1. Lompute me ampunt or revenue ana gross pront or ioss to De recognizea in U4 ano UD, assuming Avaya recognizes revenue over time according to percentage of completion 2. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, ossuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avayo recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end or 2024. assuming this project does not qualify for revenue recognimon over time. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet to show how the information felated to this centract would be pretanted at the end of 2024 . assuming Avaya tecognites revanue over time accoeding to percentage of cocopletion. Complete this question by entering your answers in the tabs below. Compute the ameunt of revenue and gross profit or loss to be recogoized in 2024 and 2025 , assuming Avaya recognizes ravenue over time according to percentage of completion. Noter Use percentages as calculated and rounded in the table belew to arrive at your finsl ansver, Loss amoants should be indicated wiah a minus sign. Assume Avaya contracted to provise a customer with Internet infrastructure for $2,150,000. The project began in 2024 and was completed in 2025, Data relating to the contract are summanzed below. Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming Avaya recognizes revenue over ume according to percentage of completion. 2 Compute the amount of revenue and gross profit or loss to be recogrized in 2024 and 2025, assuming this project does not qualify for revenue recognition over time 3. Prepore a partal bolance sheer to show how the informaton tw stecc to this controct would be presented of the end of 202A assuming Avaya recognizes revenue over ime according to percentoge of complistion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024. acsuming this project does not qualify for revenue recogniton over tame. Complete this questian by entering your answers in the tabs below. accerdisg to percentogt af ecmeleting. Assume Avaya contracted to provide a customer with internet infrastructure for $2,150,000 The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below Required: 1. Compute the amount of revenue and gross profit or lass to be recognzed in 2024 and 2025 . assuming Avoya recognizes revenue over time according to percentage of completion 2 Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming this project does not qualify for revenue recognimon over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avaya recognizes revenue over ume according to percentage of complevion 4. Prepare a partial balance sheet to show how the information related to thit controct would be presented at the end of 2024. assuming this project does not qualify for revenue recognition over time. Complete this question by entering your answers in the tabs below. gualify for revinue recognition over time. 1. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming Avaya recognizes revenue over tume according to percentage of completion. 2 Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025, assuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024. assuming this project does not qualify for revenue recognition over time. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming this project does not qualify for revenue recognition over time
