Horner construction co. uses the percentage-of-completion method. in 2014, horner began work on a contract for $16,500,000; it was completed in 2015. the following cost data pertain to this contract :
year ended december 31
2014 2015
costs incurred during the year $5,850,000 $4,200,000
estimated costs to complete at the end of year 3,900,000 —
if the completed-contract method of accounting was used, the amount of gross profit to be recognized for years 2014 and 2015 would be

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.