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Exercise 6 - 2 3 ( Algo ) Income ( loss ) recognition; Long - term contract; revenue recognition over time vs . upon project

Exercise 6-23(Algo) Income (loss) recognition; Long-term contract; revenue recognition over time vs.
upon project completion [LO6-9]
Brady Construction Company contracted to build an apartment complex for a price of $5,500,000. Construction began in 2024 and
was completed in 2026. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the
project. All costs are stated in thousands of dollars.
Required:
Complete the following table.
Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands of dollars (i.e., $400
thousand should be entered as $400,000). Round your final answers to the nearest whole dollar. Negative amounts should be
indicated by a minus sign.
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