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Platypus Building Inc. won a bid for a new office building contract. Below is info from the project accountant: Total Construction Fixed Price $8,000,000 Construction Start Date March 3, 2012 Construction Complete Date December 4, 2013 As of Dec 31... 2012 2013 Actual cost incurred $2,500,000 $3,150,000 Estimated remaining costs $3,750,000 $- Billed to customer $2,400,000 $5,300,000 Received from customer $2,250,000 $5,400,000 Assuming Platypus Building Inc. uses the completed contract method, what amount of gross profit would be recognized in 2013?
Depreciation of general capital assets is not recorded in the accounts of any of the governmental funds. If a building is transferred from the General Fund to an internal service fund because the character of its use changes, should the internal s..
The first payment will be due in 6 months, the second in 18 months and the third in 30 months. What is the size of these payments if money is worth 10% compounded quarterly and a focal date of 18 months is used for evaluation purposes?
Which of the following statements about listing on a stock exchange is most CORRECT?
If management estimates that a stock repurchase announcement will increase stock price by 5 percent, how many shares should they be prepared to repurchase?
Greene Sisters has a DSO of 20 days. The company's average daily sales are $20,000. What is the level of its accounts receivables? Assume there are 365 days in a year.
the information on the following page is available for barkley company at december 31 2003 regarding its
Maroon Corporation is considering deferred compensation plans for its executive employees over the age of 55. All of the employees use the cash method of accounting.
1. which of the following aspects of a company would not be considered a critical success factor for a company that
What is your opinion as to whether the funds in the plan should be part of a company's financial balance sheet or a separate entity and not part of the company's financials? If they are part of the financials what is it saying as to the ownership ..
1. describe an incremental cash flow for a project. describe three 3 concepts we need to examine to help understand
You determine that $104,000 of the current and accumulated earnings and profits for the year is required for the reasonable needs of the business. The allowable accumulated earnings credit for the year is?
Determine for each plan the earnings per share of commonstock, assuming that the income before bond interest and income taxis 20,000.
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