Question
In 2012, Gurney Construction Company agreed to construct an apartment building at a price of $1,792,000. The information relating to the costs and billings for
In 2012, Gurney Construction Company agreed to construct an apartment building at a price of $1,792,000. The information relating to the costs and billings for this contract is shown below.
| 2012 | 2013 | 2014 | ||||
| Costs incurred to date | $360,360 | $810,300 | $1,107,000 | |||
| Estimated costs yet to be incurred | 640,640 | 284,700 |
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Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
6th International Edition
0071284664, 978-0071284660
