List of Accounts

Attempts: $2$ of $5$ used

$($b$)$

Assuming the same facts as those above except that Sunland uses the completed$-$contract method of accounting, how much

revenue should be recognized in $2024?$

$2024$

Revenue to be recognized

$

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List of Accounts

Attempts: $0$ of $5$ used

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.Sunland Construction Company uses the percentage$-$of$-$completion method of accounting. In $2023,$ Sunland began work under a non$-$

cancellable contract #E$2-$D$2,$ which provided for a contract price of $$2,195,000.$ Other details follow:

$($a$)$

Your answer is correct.

How much revenue should be recognized in $2023?$ In $2024?$

Revenue to be recognized

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