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During 2012, Nilsen Company started a construction job with a contract price of $1,662,000. The job was completed in 2014. The following information is available. 2012 2013 2014 Costs incurred to date $353,720 $872,000 $1,079,000 Estimated costs to complete 602,280 218,000 -0- Billings to date 313,500 876,100 1,662,000 Collections to date 247,000 805,100 1,420,000 (a) Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2012 $ Gross profit recognized in 2013 $ Gross profit recognized in 2014
a june sales forecast projects that 6000 units are going to be sold at a price of 10.50 per unit. the desired ending
discuss the system of peer review used before sarbanes-oxley for auditing firms of public companies and the system as
bee company purchased 70 of apple corporation for 350000 on january 1 2008. on may 30 2008 apple corporation declared
income statement itemsgain on sale of marketablesecurities.........................42000loss on sales of
Materials are added at the beginning of the process. What is the total number of equivalent units for materials during the period?
sara and jane form wren corporation. sara transfers property basis of 25000 and value of 200000 for 50 shares in wren
Using a present value table, calculator, or a computer program present value function, calculate the present value for the following: (Use appropriate factor(s) from the tables provided.)
When using classical variables sampling for estimation, an auditor normally evaluates the sampling results by calculating the possible misstatement in either direction. This statistical concept is known as
robinson expects its 2012 sales and cost of goods to grow by 5 percent over their 2011 levela what will be the affect
Alberta, a large segment of the press release was devoted to outlining all of the expected benefits to be received from the assets acquired. The acquisition price represented a 35 percent premium over Gulf a closing share price on the announcement..
pacific ink had beginning work-in-process inventory of 374240 on october 1. of this amount 158080 was the cost of
If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?
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