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During 2020, Cheyenne Company started a construction job with a contract price of $1,620,000. The job was completed in 2022. The following information is
During 2020, Cheyenne Company started a construction job with a contract price of $1,620,000. The job was completed in 2022. The following information is available. 2020 2021 2022 Costs incurred to date $444,400 $867,420 $1,060,000 Estimated costs to complete 565,600 230,580 -0- Billings to date 301,000 904,000 1,620,000 Collections to date 272,000 814,000 1,411,000
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Financial Accounting
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
1st Canadian Edition
9780132147538, 132889714, 013214753X , 978-0132889711
