Question
Dalton Construction Co. contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to the construction are:
Dalton Construction Co. contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to the construction are: Costs to date 2010 , $1,650,000 2011 , $3,025,000 Estimated costs to complete 2010 , 1,350,000 2011 , zero Dalton uses the percentage-of-completion method. How much revenue should be reported for 2011?
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
