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Current Attempt in Progress Tamarisk Construction Company uses the percentage-of-completion method of accounting In 2020. Tamarisk began work under contract with a contract price
Current Attempt in Progress Tamarisk Construction Company uses the percentage-of-completion method of accounting In 2020. Tamarisk began work under contract with a contract price of $1,530,000. Other details follow 2020 2021 Costs incurred to date $965,600 $1,400,000 Estimated costs to complete, as of December 311 454,400 -0- Billings to date 775,600 1,530,000 Collections to date 270,000 1530000 (a) What portion of the total contract price would be recognized as revenue in 2020 in 2021 Revenue recognized in 20201 $ Revenue recognized in 2021 $ eTextbook and Media List of Accounts Sahir Later Assistance Used Attempts 0 of 3 used Submit Artower
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