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What's the answer to a2 and a3? Assume that Pharoah Construction Company has a non-cancellable contract to construct a $4,560,000 bridge at an estimated cost
What's the answer to a2 and a3?
Assume that Pharoah Construction Company has a non-cancellable contract to construct a $4,560,000 bridge at an estimated cost of $4,104,000. The contract is to start in July 2023 , and the bridge is to be completed in October 2025 . The following data pertain to the construction period. Assume that progress billings are non-refundable. The revised estimates for the bridge contract are as follows. Your answer is correct. Under the percentage-of-completion method, calculate the total loss in 2024. Total loss in 2024$ eTextbook and Media List of Accounts Question Part Score a2) Under the percentage-of-completion method, calculate revenue recognized in 2024. Revenue recognized in 2024 $ eTextbook and Media Under the percentage-of-completion method, calculate the construction costs to be expensed in 2024. Construction cost expensed in 2024$ eTextbook and Media List of Accounts Attempts: 0 of 2 used Assume that Pharoah Construction Company has a non-cancellable contract to construct a $4,560,000 bridge at an estimated cost of $4,104,000. The contract is to start in July 2023 , and the bridge is to be completed in October 2025 . The following data pertain to the construction period. Assume that progress billings are non-refundable. The revised estimates for the bridge contract are as follows. Your answer is correct. Under the percentage-of-completion method, calculate the total loss in 2024. Total loss in 2024$ eTextbook and Media List of Accounts Question Part Score a2) Under the percentage-of-completion method, calculate revenue recognized in 2024. Revenue recognized in 2024 $ eTextbook and Media Under the percentage-of-completion method, calculate the construction costs to be expensed in 2024. Construction cost expensed in 2024$ eTextbook and Media List of Accounts Attempts: 0 of 2 usedStep by Step Solution
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