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Question 17 2 pts Your Company reflects the following at 12/31/17: (This data is used to answer questions 17 - 20) Project Contract Value Cost
Question 17 2 pts Your Company reflects the following at 12/31/17: (This data is used to answer questions 17 - 20) Project Contract Value Cost Paid Cost Owed Total Est. Cost Billed to Date Accounts Receivable Cash received A $250,000 $25,000 $20,000 $180,000 $250,000 $25,000 $225,000 B 175,000 66,000 9,000 75,000 175,000 0 175,000 1,000,000 450,000 50,000 1,500,000 950,000 900,000 50,000 D 2,000,000 7,000 143,000 1,500,000 300,000 110,000 190,000 Question 18 2 pts What is the revenue recognized for project C on the percentage of completion method of accounting $333,000 $950,000 $1,805,000 $ 300,000 Question 19 2 pts What is the completed contract net income? $175,000 $105,000 $100,000 . $75,000 Question 17 2 pts Your Company reflects the following at 12/31/17: (This data is used to answer questions 17 - 20) Project Contract Value Cost Paid Cost Owed Total Est. Cost Billed to Date Accounts Receivable Cash received A $250,000 $25,000 $20,000 $180,000 $250,000 $25,000 $225,000 B 175,000 66,000 9,000 75,000 175,000 0 175,000 1,000,000 450,000 50,000 1,500,000 950,000 900,000 50,000 D 2,000,000 7,000 143,000 1,500,000 300,000 110,000 190,000 Question 18 2 pts What is the revenue recognized for project C on the percentage of completion method of accounting $333,000 $950,000 $1,805,000 $ 300,000 Question 19 2 pts What is the completed contract net income? $175,000 $105,000 $100,000 . $75,000
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