{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T15:10:42-04:00", "answer_date": "2024-05-27 15:10:42", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1787053", "url": "\/study-help\/questions\/show-attempt-history-current-attempt-in-progress-your-answer-is-1787053", "question_creation_date_js": "2024-05-27T15:10:42-04:00", "question_creation_date": "May 27, 2024 03:10 PM", "meta_title": "[Solved] Show Attempt History Current Attempt in P | SolutionInn", "meta_description": "Answer of - Show Attempt History Current Attempt in Progress Your answer is partially correct On March 1, 2020, Pearl Construction | SolutionInn", "meta_keywords": "show,attempt,history,current,progress,answer,partially,correct,march,1,2020,pearl", "question_title_h1": " Show Attempt History Current Attempt in Progress Your answer is partially correct On March 1, 2020, Pearl Construction Company contracted to construct a factory", "question_title": " Show Attempt History Current Attempt in Progress Your answer is partially", "question_title_for_js_snippet": "Show Attempt History Current Attempt in Progress Your answer is partially correct On March 1, 2020, Pearl Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc for a total contract price of $8,430,000 The building was completed by October 31, 2022 The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2020, 2021, and 2022 are given below 2020 2021 2022 Contract costs incurred during the year Estimated costs to complete the contract at 12 31 Billings to Fabrik during the year $2,730,500 $2,344,500 $2,175,000 3,619,500 2 175,000 0 3,210,000 3,500,000 1,720,000 (a) Using the percentage of completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2020, 2021, and 2022 (Ignore income taxes) of answer is 0, please enter 0 Do not leave any fields blank Enter loss using either a negative sign preceding the number eg 45 or parentheses eg (45)) 2020 Costs to date (12 31 20) Estimated Costs to Complete Estimated Total Costs Percent Complete Revenue Recognized Costs Incurred Pront Loss Recognized in 2020 $ 2 730,500 3,619 500 6350000 43 96 3624,900 2 730 500 894 400", "question_description": "\"image\"image\"image\"image", "transcribed_text": "Show Attempt History Current Attempt in Progress Your answer is partially correct On March 1, 2020, Pearl Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,430,000. The building was completed by October 31, 2022. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2020, 2021, and 2022 are given below. 2020 2021 2022 Contract costs incurred during the year Estimated costs to complete the contract at 12\/31 Billings to Fabrik during the year $2,730,500 $2,344,500 $2,175,000 3,619,500 2.175,000 -0- 3,210,000 3,500,000 1,720,000 (a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2020, 2021, and 2022. (Ignore income taxes) of answer is 0, please enter 0. Do not leave any fields blank. Enter loss using either a negative sign preceding the number eg-45 or parentheses eg (45)) 2020 Costs to date (12\/31\/20) Estimated Costs to Complete Estimated Total Costs Percent Complete Revenue Recognized Costs Incurred Pront\/Loss Recognized in 2020 $ 2.730,500 3,619.500 6350000 43 96 3624,900 2.730.500 894.400", "related_book": { "title": "Managerial Accounting", "isbn": "B010IKDQZM", "edition": "10th Edition", "authors": "Carl S. Warren, James M. Reeve, Jonathan E. Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/125.jpg", "uri": "\/textbooks\/managerial-accounting-10th-edition-b010ikdqzm", "see_more_uri": "" }, "free_related_book": { "isbn": "0965760766", "uri": "\/textbooks\/the-flying-life-ii-more-stories-for-the-aviation-soul-1st-edition-978-0965760768-159085", "name": "The Flying Life Ii More Stories For The Aviation Soul", "edition": "1st Edition" }, "question_posted": "2024-05-27 15:10:42", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/find-the-net-torque-on-the-wheel-in-the-figure-716511", "description": "Find the net torque on the wheel in the figure below about the axle through O perpendicular to the page, taking a = 7.00 cm and b = 25.0 cm. 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