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A construction company has the following data concerning one of its contracts: Contract price Sh 2,000,000, Value of work certified Sh 1,300,000, Cash received Sh
A construction company has the following data concerning one of its contracts: Contract price Sh 2,000,000, Value of work certified Sh 1,300,000, Cash received Sh 1,200,000, cost to date Sh 1,050,000 and cost of work certified Sh 1,000,000. The profit to be attributed to the contract is Question 39Answer a. Sh 250,000 b. Sh 277,000 c. Sh 300,000 d. Sh 950,000
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
