Business, 05.03.2020 12:57, gg808

Computing Revenues under Long-Term ContractsCamden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) costs for the warehouse follow: 2016, $202,500; 2017, $337,500; and 2018, $135,000. The company completed the warehouse in 2015. Compute revenues, expenses, and income for each year 2016 through 2018, and for all three years combined, using the cost-to-cost method. Cost-to-Cost Method% of total Costs expected Revenue Year incurred costs recognized Income2016 $Answer Answer% $Answer $Answer2017 Answer Answer% Answer Answer2018 Answer Answer% Answer AnswerTotal $Answer $Answer $Answer

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Computing Revenues under Long-Term ContractsCamden Corporations agreed to build a warehouse for a cl...