Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem-
Kiner, Inc. began work in 2012 on a contract for $12,600,000. Other data are as follows:
2012
2013
Costs incurred to date
$5,400,000
$8,400,000
Estimated costs to complete
3,600,000
Billings to date
4,200,000
12,600,000
Collections to date
3,000,000
10,800,000
If Kiner uses the completed-contract method, the gross profit to be recognized in 2013 is
a. $2,040,000.
b. $4,200,000.
c. $2,100,000.
d. $8,400,000.
Additional information-
This problem related to Basics Accounting and calculation of profit using completed contract method.
Calculate Suzy's recognized gain or loss on the distributions, if any. Calculate Suzy's basis in the inventory received. Calculate Suzy's basis in the land received. The land is a capital asset.
clean laboratories produces biodegradable liquid detergents that leave no soap film.the production process has been
assume that next year research in motion sells off its interest in tip communications one of its subsidiaries.
diston company uses the weighted-average method in its process costing system. the first processing department the
what does it mean to assert that the delta of a call option is 0.7? how can a short position in 1000 options be made
grider companys chart of accounts includes the following selected accounts101 cash 401 sales112 accounts receivable 414
calculate and identify cash flows. sales for 2010 were 50000 cost of goods sold was 35000. if accounts receivable
harry and sally were divorced three years ago. in july of the current year their son joe broke his arm falling out of a
the following table presents a summary of ratio analysis for uncle joes coffee based on the most recent 12 months and 5
the management of kunkel company is considering the purchase of a 34000 machine that would reduce operating costs by
at the beginning of 2014 tanham company discovered the following errors made in the preceding 2
the following information pertains to item ab345 of inventory of abc educational system inc. cost 45 per unit
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd