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In 2010, Tarlo Company agrees to construct a highway for Brice County over a three year period (2010 through 2012). The contract price is $1,200,000 and the construction costs (both actual and estimated) total $705,000 for the three years. The percentage completed at the end of each year is as follows: 2010, 20%; 2011, 75%; 2012, 100%.Required:1. Prepare a schedule showing the amount of gross profit that Tarlo Company recognizes each year using the percentage of completion method.2. Prepare a schedule showing the amount of gross profit that Tarlo Company recognizes each year using the completed contract method.
prepare journal entries to record the following selected transactions of masterson co.a purchased 600 shares of the
sonnheim manufacturing uses job costing. in may material requisition were 51000 and raw material purchases were 58900.
depreciation computation and terminology. on january 1 2009 awry corp. purchased equipment costing 45000. it has a
an end of the month 13113 inventory showed that 140 units were on hand. if the company uses fifo and sells the units
identify at least two significant business trends that you think will affect the accounting profession and the work
Is accounting the thought to be language of business because business information is communicated to users
Discuss the relevance of budgeting as it relates to the accounting profession in general. Relate lessons learned from a self-selected reading or from something you learned while working on your accounting profession in general.
1.what are the major tax pros and cons of pass-through entities versus taxable corporations?2.which business entity
on march 1 2010 ruiz corporation issued 800000 of 8 nonconvertible bonds at 104 which are due on february 28 2030. in
pact company had net income of 972000 based on variable costing. beginning and ending inventories were 7800 units and
if the liabilities of a company increased 92000 during a period of time and equity in the business decreased 30000
below is information regarding the investment portfolio of wilcox corp. use the straight-line method to amortize any
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