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Indiana Co. began a construction project 2021 with a contract price of $162 million to be received when the project is completed In 2023. During
Indiana Co. began a construction project 2021 with a contract price of $162 million to be received when the project is completed In 2023. During 2021, incurred 33 million of costs and estimates an additional $80 million of costs to complete the projectIndiana recognizes revenue over and for this recognizes revenue over time according to the percentage of the that has been completed. not In 2022 Indiana incurred additional costs of $ 57 million and estimated an additional $35 million in costs to complete the project. (Do not round you percentage calculated)
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