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 04 Aug 2017 My Price 14.00

Arrow Construction Company

On February 1, 2016, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,510,000. During 2016, costs of $2,170,000 were incurred with estimated costs of $4,170,000 yet to be incurred. Billings of $2,670,000 were sent and cash collected was $2,420,000.

      In 2017, costs incurred were $2,670,000 with remaining costs estimated to be $3,855,000. 2017 billings were $2,920,000 and $2,645,000 cash was collected. The project was completed in 2018 after additional costs of $3,970,000 were incurred. The companyAc€?cs fiscal year-end is December 31. Arrow recognizes revenue over time according to percentage of completion.
 

 

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Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 10:08 AM My Price 14.00

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