Question
During 2020, Ivanhoe Company started a construction job with a contract price of $1.580,000. The job was completed in 2022. The following information is
During 2020, Ivanhoe Company started a construction job with a contract price of $1.580,000. The job was completed in 2022. The following information is available. 2020 2021 2022 Costs incurred to date $366,300 $802,270 $1,080,000 Estimated costs to complete 623,700 296,730 -0- Billings to date: 297,000 906,000 1,580,000 Collections to date 270,000 802,000 1,427,000
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
