Details of this Paper

G.C Company was awarded a contract to construct an interchange at the

Description

solution


Question

G.C Company was awarded a contract to construct an interchange at the junction of U.S. 94 and highway 30 at a total contract price of $4000000. the estimated total costs to complete the project were 3000000.;a) Record construction costs of 1800000 on construction in process to date.;b) Record progress billings of $ 1000000;c)Record the recognition of profit that can be recognized to date, on a percentage of completion basis.

 

Paper#25340 | Written in 18-Jul-2015

Price : $22
SiteLock