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9 of 20 -/20 E Bridgeport Construction Company uses the percentage-of-completion method of accounting. In 2020, Bridgeport began work under contract #E2-D2, which provided for
9 of 20 -/20 E Bridgeport Construction Company uses the percentage-of-completion method of accounting. In 2020, Bridgeport began work under contract #E2-D2, which provided for a contract price of $2,161.000. Other details follow: 2020 2021 Costs incurred during the year $636,400 $1,435,000 Estimated costs to complete, as of December 31 954,600 -0- Billings during the year 417,000 2.161,000 Collections during the year 345,000 1,519,000 (a) What portion of the total contract price would be recognized as revenue in 2020? In 2021? $ Revenue recognized in 2020 Revenue recognized in 2021 $ Question 3 Accounting Dropdown Question 4 Accounting Mulbisteg Question 5 Accounting Multetep Question 6 Accounting Mus Question 7 Aunting Drapd Question 8 Accounting Oropdown Viewing Question 9 Accounting M Question 10 Accounting Dropdown Question 11 Mute Chos
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