Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explain whete the 4 mln came grom ,show calculations please Menu Add-ins Help w Review View Recording ===== 19 ==== 2 Shape Fill Shape

please explain whete the 4 mln came grom ,show calculations please
image text in transcribed
Menu Add-ins Help w Review View Recording ===== 19 ==== 2 Shape Fill Shape Outline Shapes Anange Quick Styles Shape Elects Drawing Paragraph Update now apps. Concept Check: Revenue Recognition Robertson Construction entered into a contract to constructa tunnel for a fred price of $12,000,000 Robertson recognizes revenue over time according to percentage of completion. Here are some facts: 2.000.000 Estimated Additional Cost Incurred Cost to Complete 2021 $3,000,000 $5,000,000 2022 5,000,000 2023 2.500.000 0 How much revenue would Robertion recognize in 20227 $5,000,000 The com 55,600,000 150MSSM SMSSM SMOS.com 58.000.000 SIMONS.Mendet d59,600.000 596M-SAMSS. cognoin 2002. mplete in 2022 E hop 18 7 DO 19. O 112 f10 B 19 & C

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

10th Edition

0131457349, 978-0131457348

More Books

Students also viewed these Accounting questions

Question

Whether training would be needed, and what methods would be used.

Answered: 1 week ago

Question

What should be the purpose of performance management and appraisal?

Answered: 1 week ago

Question

The issue of staff sensitivity to feedback

Answered: 1 week ago