Business
Business, 13.02.2020 22:03, aigo

On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington, D. C., for $220 million. The expected completion date is April 1, 2023, just in time for the 2023 baseball season. Costs incurred and estimated costs to complete at year-end for the life of the contract are as follows ($ in millions): 2021 2022 2023 Costs incurred during the year $40 $80 $50Estimated costs to complete as of December 31 120 60Required: a. Compute the revenue and gross profit will Sanderson report in its 2021, 2022, and 2023 income statements related to this contract assuming Sanderson recognizes revenue over time according to percentage of completion. b. Compute the revenue and gross profit will Sanderson report in its 2021, 2022, and 2023 income statements related to this contract assuming this project does not qualify for revenue recognition over time 3. Suppose the estimated costs to complete at the end of 2022 are $80 million instead of $60 million. Compute the amount of revenue and gross profit or loss to be recognized in 2022 assuming Sanderson recognizes revenue over time according to percentage of completion.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 03:10, elijahcarson9015
Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today
Answers: 3
image
Business, 22.06.2019 15:00, UratazZ
Because gloria's immediate concern was the perceived gender discrimination, she would be more concerned about than intent, resultsresults, intentstatistics, trendsrace, gendergender, race
Answers: 2
image
Business, 22.06.2019 18:00, Mw3spartan17
In which job role will you be creating e-papers, newsletters, and periodicals?
Answers: 1
image
Business, 22.06.2019 19:30, jcastronakaya
When it is 4: 00 a. m. in halifax, it is 1: 00 p. m. in karachi, and when it is 9: 00 a. m. in karachi, it is 5: 00 a. m. in warsaw. mary left halifax to fly to karachi, but she accidentally left her watch on warsaw time. according to mary’s watch, she left halifax at 9: 40 p. m. on monday. the local time when she arrived at karachi was 3: 00 p. m. tuesday. how long was mary’s flight? a. 9 hours, 20 minutes b. 13 hours, 20 minutes c. 14 hours, 20 minutes d. 17 hours, 20 minutes
Answers: 1
Do you know the correct answer?
On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a b...

Questions in other subjects:

Konu
Arts, 14.06.2021 16:40
Konu
Mathematics, 14.06.2021 16:40
Konu
English, 14.06.2021 16:40
Konu
Chemistry, 14.06.2021 16:40
Konu
Mathematics, 14.06.2021 16:40
Konu
Social Studies, 14.06.2021 16:40