During 2012 nilsen company started a construction job with

Assignment Help Accounting Basics

Reference no: EM13603454

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

Reference no: EM13603454

Questions Cloud

Bingham corporation uses the weighted-average method in its : bingham corporation uses the weighted-average method in its process costing system. data concerning the first

Buckhorn corporation bases its predetermined overhead rate : buckhorn corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. data

Stephen colbert works as a television talk show host in : stephen colbert works as a television talk show host. in 2010 stephen generated substantial income from his role as

Sketch the schematic diagram of the circuit with the two : two resistors are given r1 470 ohms and r2 1200 ohms a the two resistors are connected in series with a 48 v source.

During 2012 nilsen company started a construction job with : during 2012 nilsen company started a construction job with a contract price of 1662000. the job was completed in 2014.

During the year alexa rented out the condo for 134 days she : alexa owns a condominium near cocoa beach in florida. this year she incurs the following expenses in connection with

Heat is now transferred untill the prseeure reaches 800kpa : a 0.5m3 rigid tank contains refirgerant r-134a initially at 200 kpa and 40 quality. heat is now transferred untill the

Write a program that calculates and displays the distance : distance per tank of gas a car with a 20-gallon gas tank averages 21.5 miles per gallon when driven in own and 26.8

If the density of the aniline is 1002 kgm cube and the : a centrifuge bowl with 250mm internal diameter is turning at 4000 rmin. it contains a layer of aniline 50mm thick. if

User Account

All Pages