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pls help im confused Assume Avaye centracted to provide a customer with testeinet infrastructure for 52,000,000. The project began in 2024 and wos completed in
pls help im confused
Assume Avaye centracted to provide a customer with testeinet infrastructure for 52,000,000. The project began in 2024 and wos completed in 2025 . Dasa reiafing to the corttact are summarized below 1. Compute the amoumt of eveverue and gress profit or loss to be recognized in 2024 and 2025 , assuming Avaya recognizes teverue ower time according to percentage of completion. 2. Cempute the amount of reveme and gross profit or loss to be recognited in 2024 and 2025 , assuming this progect does not quatify for revenue recogntien over time. 3. Prepate e partai baience sheet to show how the informstien resated to this cocthat would be presented at the end of 2024, insuming Avaya recognizes revenue over time eccording to percentage of completion 4. Prepare an parsai baisnce sheet to show how the informstion reioted to this cont act would be presented ot the end of 2024 , mstuming this project does not quenty for revenue fecognition over bime. (3) Anmwer is not complete. Complete thit question by entering your answers lin the tabs Letew. Campute the tineutt of revenice and grast proft or loss to be recogrized in 2024 and 2025 , assuming this project does not quelify for reventue recognieien twer time. assuming this project does not qualify for revenue recognition over time. (X) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024, assuming Avaya recognizes revenue over time according to percentage of completion. 2. Compure the amount of revenue and gross prolit or loss to be recogrized in 2024 and 2025 , assuming this project does not qualify for revenue recognation over time. 3. Prepare a partial batance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avaya recognizes revenue over time according to percentage of compietion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presonted at the end of 2024 . assuming this project does not qualify for revenue recognition over time. ( Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a partial balance sheet to show how the information reiated to this contract would be presented at the end of 2024 , assuming this project does not qualify for revenue recognition over time Step by Step Solution
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