Business, 10.12.2019 03:31 patience233

Indiana co. began a construction project in 2021 with a contract price of $150 million to be received when the project is completed in 2023. during 2021, indiana incurred $36 million of costs and estimates an additional $84 million of costs to complete the project. indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed.

suppose that, in 2022, indiana incurred additional costs of $63.75 million and estimated an additional $42.75 million in costs to complete the project. indiana:

a. recognized $3.75 million loss on the project in 2022.

b. recognized $5.25 million gross profit on the project in 2022.

c. recognized $7.5 million gross profit on the project in 2022.

d. recognized $1.5 million loss on the project in 2022.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 07:30

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Answers: 1

Answer

Business, 22.06.2019 19:40

Adistinguishing feature of ecological economics is the concept of cost-benefit analysis steady-state economies that, like natural systems, neither grow nor shrink environmental damage and also environmental benefits are external greenwashing to increase public acceptance of products the only healthy economy is one that is growing

Answers: 1

Answer

Business, 22.06.2019 20:00

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?

Answers: 1

Answer

Business, 22.06.2019 21:00

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.

Answers: 3

Answer

You know the right answer?

Indiana co. began a construction project in 2021 with a contract price of $150 million to be receive...

Questions