Assuming FCC uses completed contract method method and AQL uses cost recovery

Florida Construction Company (FCC) and Anfaak Qatar Limited (AQL) had the following information: Costs incurred Estimated costs to Progress billing complete Cash collected during the year C during each year during the year 479,167 312,500 354,167 229,167 291,667 276,042 192,708 213,542 2014 104,167 100,000 160,417 64,583 83,333 665,104 73,438 866,667 783,333 708,333 530,000 348,333 205,000 130,000 75,000 0 562,500 260,417 354,167 236,458 253,125 312,891 161,849 208,724 149,870 2015 2016 2017 2018 2019 2020 2021 103,646 2022 49,479 151,042