Answered step by step
Verified Expert Solution
Question
1 Approved Answer
show working Use the following Information for Problems #5-9: Percentage Completion Method: Greyhound Construction Company is doing contract work for Better Homes Company. The grid
show working
Use the following Information for Problems #5-9: Percentage Completion Method: Greyhound Construction Company is doing contract work for Better Homes Company. The grid below shows cost and revenue information pertinent to the job (round calculations to nearest cent, i.e. two decimal places): 2012 2011 2013 Kw 22.00 timedia Corf het 2.402...00 Cool Current ited Colore SIS CY 554013 Cab Repsom S450.000.000 1.300.000 2010 2011 2012 documed to Date Estimated Complete Estimated Total Centret Case Estimated cont de Kerst Price Bee Regible Recognized Price You ve Recoil Carently Kas incurred Karen Profil Reventeet ** Round completion percent to two decimals Problem #5: The gross profit recognized for year 2010 is: Problem #6: The gross profit recognized for year 2011 is: Problem #7: The gross profit recognized for year 2012 is: Problems 18: Complete the Journal entries for 2010-2011 using the grid below: 2010 2011 Kanser Por Cust A Reche liegen Ka Accounts receivable destructing Cette Constructie Problems #9: Complete the income statement for years 2010-2012 Income Statement: 2010 2011 2012 Revenue on Contracts Cost of Construction Gross Profit Use the following Information for Problems #5-9: Percentage Completion Method: Greyhound Construction Company is doing contract work for Better Homes Company. The grid below shows cost and revenue information pertinent to the job (round calculations to nearest cent, i.e. two decimal places): 2012 2011 2013 Kw 22.00 timedia Corf het 2.402...00 Cool Current ited Colore SIS CY 554013 Cab Repsom S450.000.000 1.300.000 2010 2011 2012 documed to Date Estimated Complete Estimated Total Centret Case Estimated cont de Kerst Price Bee Regible Recognized Price You ve Recoil Carently Kas incurred Karen Profil Reventeet ** Round completion percent to two decimals Problem #5: The gross profit recognized for year 2010 is: Problem #6: The gross profit recognized for year 2011 is: Problem #7: The gross profit recognized for year 2012 is: Problems 18: Complete the Journal entries for 2010-2011 using the grid below: 2010 2011 Kanser Por Cust A Reche liegen Ka Accounts receivable destructing Cette Constructie Problems #9: Complete the income statement for years 2010-2012 Income Statement: 2010 2011 2012 Revenue on Contracts Cost of Construction Gross Profit Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started