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I NEED HELP FILLING IN THE REST OF THE BLANKS. THE NUMBERS THAT ARE CURRENTLY IN THERE ARE CORRECT, SO I JUST NEED THE OTHER
I NEED HELP FILLING IN THE REST OF THE BLANKS. THE NUMBERS THAT ARE CURRENTLY IN THERE ARE CORRECT, SO I JUST NEED THE OTHER SET OF NUMBERS.
Problem 5-10 Long-term contract; revenue recognition over time [LO5-8, 5-9] The following information applies to the questions displayed below. In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows: 2018 2020 2019 2,044,000 $2,628,000 2,890,800 2,628,000 Cost incurred during the year Estimated costs to complete as of year-end Billings during the yeair Cash collections during the year 5,256,000 ,170,000 2,502,000 1,885,000 5,328,000 5,515,000 2,600,000 Westgate recognizes revenue over time according to percentage of completionStep by Step Solution
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