Question
In 2014, Gurney Construction Company agreed to construct an apartment building at a price of $1,715,000. The information relating to the costs and billings for
In 2014, Gurney Construction Company agreed to construct an apartment building at a price of $1,715,000. The information relating to the costs and billings for this contract is shown below.
| 2014 | 2015 | 2016 | ||||
| Costs incurred to date | $374,400 | $832,000 | $1,119,000 | |||
| Estimated costs yet to be incurred | 665,600 | 208,000 |
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Tobacco Industry IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114910, 978-1304114914
