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| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Syl Company during 1993: Total contract price $100,000 Actual costs during 1993 20,000 Estimated remaining costs 40,000 Billed to customer during 1993 30,000 Received from customer during 1993 10,000 Under the completed contract method, how much should Syl recognize as gross profit for 1993? a. $0 b. $4,000 c. $10,000 d. $12,000 Under the percentage-of completion method, how much should Syl recognize as gross profit for 1993? a. $0 b. $13,333 c. $26,667 d. $33,333
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