Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Jul 2017 My Price 8.00

Hamilton Construction Company

 

Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2012, Hamilton began work under contract #E2-D2, which provided for a contract price of $2,200,000. Other details are as follows.


Instructions
(a) What portion of the total contract price would be recognized as revenue in 2012? In 2013 ?
(b) Assuming the same facts as those shown on page 1139 except that Hamilton uses the cost-recovery method of accounting, what portion of the total contract price would be recognized as revenue in2013?
 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Jul 2017 06:07 AM My Price 8.00

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