Question
Company Project Description Contract Value Percentage Completed Revenue Recognized Bechtel Corporation Highway Construction $10,000,000 40% $4,000,000 Bechtel Corporation is undertaking a highway construction project with
Company | Project Description | Contract Value | Percentage Completed | Revenue Recognized |
Bechtel Corporation | Highway Construction | $10,000,000 | 40% | $4,000,000 |
Bechtel Corporation is undertaking a highway construction project with a contract value of $10,000,000. At the end of the reporting period, 40% of the project is completed. How much revenue should Bechtel Corporation recognize based on the percentage of completion method?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
