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During 2020, Blossom Company started a construction job with a contract price of $1,610,000. The job was completed in 2022. The following information is
During 2020, Blossom Company started a construction job with a contract price of $1,610,000. The job was completed in 2022. The following information is available. 2020 2021 2022 Costs incurred to date $410,000 $754,800 $1,067,000 Estimated costs to complete 590,000 355,200 -0- Billings to date 297,000 899,000 1,610,000 Collections to date 272,000 818,000 1,437,000
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
9th edition
9781118803035, 1118582551, 1118803035, 978-1118582558
