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Brady Construction Company contracted to build an apartment complex for a price of $ 5 , 5 0 0 , 0 0 0 . Construction
Brady Construction Company contracted to build an apartment complex for a price of $ Construction began in and was completed in The following is a series of independent situations, numbered through involving differing costs for the project. All costs are stated in thousands of dollars.
tableEstimated Costs to CompleteCosts,Incurred during Year,As of the End of the YearSituation$$$$$
Required:
Complete the following table.
Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands of dollars ie $ thousand should be entered as $ Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.
Answer is not complete.
tableSituationGross Profit Loss RecognizedRevenue Recognized Over Time,Revenue Recognized Upon Completion$$$$
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