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!
At December 31, 2010, Roko Co. has two fixed price construction contracts in progress. Both contracts have monthly billings supported by certified surveys of work completed. The contracts are:
a. The Ski Park contract, begun in 2009, is 80% complete, is progressing according to bid estimates, and is expected to be profitable.b. The Nassu Village contract, a project to construct 100 condominium units, was begun in 2010. Thirty five units have been completed. Work on the remaining units is delayed by conflicting recommendations on how to overcome unexpected subsoil problems. While the total cost of the project is uncertain, a loss is not anticipated.Required:1. Identify the alternatives available to account for long term construction contracts, and specify the criteria used to determine which method is applicable to a given contract.2. Identify the appropriate accounting method for each of Roko's two contracts, and describe each contract 's effect on net income for 2010.3. Indicate how the accounts related to the Ski Park contract should be reported on the balance sheet at December 31, 2010.
mad city corporation purchased from its stockholders 5000 shares of its own previously issued stock for 250000. it
Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
manny company produces three products x y and z with the following characteristicsx y
differentiating depreciation methods discuss and differentiate straight line method of depreciation and accelerated
1.Name several stereotypes that you have heard or believe. How can we eliminate stereotypes in society?
Business Organization and Stock Ratios
explain the special feature that makes callable bonds attractive to an issuing corporation. why would some bonds be
Question 1: Why would the manufacturer of a $390 video home security system be reluctant to use advertising as its sole promotional tool?
If it began the quarter with $18,000 of inventory at cost and purchased $72,000 of inventory during the quarter, its estimated ending inventory using the gross profit method is:
mack inc. uses a weighted-average process costing system. direct materials and conversion costs are incurred evenly
hale eva pizza has a nissan truck that theyve owned for 6 years and uses it for deliveries on the west side of oahu.
Bob and Carl transfer property to Stone Corporation for 90% and 10% of Stone Stock, respectively. Pursuant to a biding agreement concluded before the transfer, Bob sells half of his stock to Carl.
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