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What amount is presented in ABC Co's statement of financial position as contract liability? ABC Co. started work on two separate projects during 20x1. Information
What amount is presented in ABC Co's statement of financial position as contract liability?
ABC Co. started work on two separate projects during 20x1. Information on these projects is shown below: Project Contract price Costs incurred A B 9,000,000 8,000,000 4,000,000 5,000,000 ERS Estimated costs to complete 4,000,000 Progress billings 5,000,000 8,000,000
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
