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Please Show All Calculations! Thank you! Brady Construction Company contracted to bulld an apartment complex for a price of $6,500,000. Construction began In 2018 and
Please Show All Calculations! Thank you!
Brady Construction Company contracted to bulld an apartment complex for a price of $6,500,000. Construction began In 2018 and was completed in 2020. The following is a series of Independent situations, numbered 1 through 6, Involving differing costs for the project. All costs are stated In thousands of dollars. Estimated Costs to Complete (As of the End of the Costs Incurred During Year Year) Sltuation 2018 2019 2020 2018 2019 2020 11,650 2,580 1350 3,930 1350 2 1650 1350 3,000 3,930 3,000 3 1650 2,580 2,800 3,930 2,700 4 650 3,150 1,300 4,550 950 5 650 3,150 2,350 4,550 2,700 6 650 3,150 3,300 6,055 3,050 Requlrec Complete the following table. (Do not round Intermedlete calculatlons. Enter answers In dollars. Round your final answers to the nearest whole doller. Negatlve amounts should be Indicated by a mlnus sign.) Gross Profit (Loss) Recogniz Revenue Recognized Over Time Revenue Recognized Upon Completion Situation 2018 2019 2020 2018 2019 2020 5 272,043Step by Step Solution
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