ACC305 Wk 2 E5 10 Project Contracts
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E5-10 - Sanderson Construction
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Determine the amount of gross profit or loss to be recognized in each of the three years using the percentage- of-completion method.
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How much revenue will Sanderson report in its 2011 and 2012 income statements related to this contract using the percentage-of-completion method?
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Determine the amount of gross profit or loss to be recognized in each of the three years using the completed contract method.
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Determine the amount of revenue, cost, and gross profit or loss to be recognized in each of the three years under IFRS, assuming that using the percentage-of-completion method is not appropriate.
- Suppose the estimated costs to complete at the end of 2012 are 80 million instead of 60 million. Determine the amount of gross profit or loss to...
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Published On:
04/24/2015
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acc305-wk-2-e5-10-project-contracts-89.doc
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