Excess construction corp. has a $16 million contract to construct a building. the company estimates $10.4 million in costs to construct the building and an expected gross profit of $5.6 million. during the current year, the company incurred $3,120,000 of costs on the contract. under the percentage-of-completion method, how much will excess construction corp. report as revenue in the current year?

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Increases in output and increases in the inflation rate have been linked to