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Required: Provide JE to recognize revenue in each year under percentage of completion 2. Percentage of Completion XYZ contracted to construct a warehouse building for

image text in transcribed Required: Provide JE to recognize revenue in each year under percentage of completion

2. Percentage of Completion XYZ contracted to construct a warehouse building for S 1000 Costs incurred during the year Estimated costs to complete as of 12/31 Year 1 s 100 500 Year 2 70 730 Year 3 200 450 Required: Provide JE to recognize revenue in each year under percentage of completion. 2. Percentage of Completion XYZ contracted to construct a warehouse building for S 1000 Costs incurred during the year Estimated costs to complete as of 12/31 Year 1 s 100 500 Year 2 70 730 Year 3 200 450 Required: Provide JE to recognize revenue in each year under percentage of completion.

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