The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
In 2010 Rodney Construction Company agreed to price of $1,200,000. The information relating to the cost and billing for this contract is shown below: 2010. 2011. 2012 Cost incurred to date. $280,000. $600,000. $785,000 Estimated costs yet to be incurred. 520,000. 200,000. 0 Customer billings to date. 150,000. 500,000. 1,200,000 Collection of billing yo date. 120,000. 320,000. 940,000 Instructions 1. Assuming that the percentage-of-completion method is used.(1) compute the amount of gross profit to be recognized in 2010 and 2011. 2.prepare journal entries for 2011.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll