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Stoney Run Construction Company (U.S. GAAP) enters into a 3-year contract to build a new warehouse facilty. Informaton for Years 12. and 3 is shown
Stoney Run Construction Company (U.S. GAAP) enters into a 3-year contract to build a new warehouse facilty. Informaton for Years 12. and 3 is shown below. Year 1 Year 2 Year 3 Sale pr co Estmated costs Costs incured to date (paid in cash) Biled to date Received in cash to date $2,800,000 2,800,000 2800,000 2,000,000 2,000,000 2,800,0c0 50.0002800,0c0 1,600,000 400,000 250,000 190,000 2,000,000 900.000 ,150.000
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