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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
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 $6,800,000. 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. Answer is complete but not entirely correct
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