Description of this paper

ACCOUNTS PROBLEM

Description

solution


Question

Question;Requirement 1 ($ in millions) 2011 2012 2013 Contract price $340 340 340 Actual costs to date $70 150 200 Estimated costs to complete $150 90 0 Total estimated costs $220 240 200 Estimated gross profit (actual in 2013) $ 120 100 140 Gross profit (loss) recognition: 2011: $ = $ 2012: = 2013: Requirement 2 2011: 2012: 2013: Requirement 3 Year Gross profit (loss) recognized 2011 2012 2013 Total project income $Exercise 5-10 (concluded)Requirement 42011:Revenue: $Cost: $Gross profit: $2012:Revenue: Cost: Gross profit: $ 2013:Revenue: Cost: Gross profit: $Requirement 5 2012: $ = $

 

Paper#42111 | Written in 18-Jul-2015

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