Current Attempt in Progress

Assume that Carla Vista Construction Company has a non$-$cancellable contract to construct a $$4,700,000$ bridge at an estimated cost

of $$4,230,000.$ The contract is to start in July $2023,$ and the bridge is to be completed in October $2025.$ The following data pertain to

the construction period. Assume that progress billings are non$-$refundable.

The revised estimates for the bridge contract are as follows.List of AccountsCurrent Attempt in Progress

Assume that Carla Vista Construction Company has a non

$-$

cancellable contract to construct a $

$4$

$,$

$700$

$,$

$000$

$$bridge at an estimated cost

of $

$4$

$,$

$230$

$,$

$000$

$.$

$$The contract is to start in July

$2023$

$,$

$$and the bridge is to be completed in October

$2025$

$.$

$$The following data pertain to

the construction period. Assume that progress billings are non

$-$

refundable.

The revised estimates for the bridge contract are as follows.

ANSWER a

$2$

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