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A special accounting exam, please, quickly Beeran Co, signed construction contract with the ministry of health to build a hospital in three years starting 1/1/2018

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Beeran Co, signed construction contract with the ministry of health to build a hospital in three years starting 1/1/2018 and finishing 31/12/2020. The contract price is set for 48,000,000 and the overall contre estimated to be 28,000,000. The contract finished on time You have the following information 2015 2019 2020 Chlative Actual costs 7000 21000 29000 Estimated Costs for Completion Overall Costs 28000 28000 28000 Completion or Revenues for each year Profit for each year Progress Balling 5000 20000 Cath Collection 4000 18000 Anwer the following questions Remaining Time: 38 minutes, 26 seconds. Question Completion Status: 3 The percentage of completion for the year 2019 only is: A 25% B. 50% C. 75% D. 100% Total Profit for the contract is (in thousands): v A. 20,000 B.28,000 0.48.000 D 5,000 Cash Collections the year 2020 is (in thousands): A 4,000 B. 18.000 C. 26.000 D 28.000 Account Receivables balance by end of year 2019 is: A 6,000 B 28.000 C 10.000 0.24,000 de Remaining Time: 38 minutes, 35 seconds. Question Completion Status: The percentage of completion by the end of 2018 is: A 25% B. 75% C 50% D. 100% Profit allocated for year 2019 only is in thousands): A 10.000 B. 5,000 C. 15.000 D. 20.000 Revenue allocated for year 2018 only is (in thousands): A 24.000 B. 12.000 C36,000 D 48.000 Estimated Costs for Completion by the end of 2018 is in thousands) 0 B 7.000 C31.000 0 28.000

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