Use the Following to Answer Questions

question 94

Essay

Use the following to answer questions
Beavis Construction Company was the low bidder on a construction project to build an earthen dam for $1,800,000.The project was begun in 2015 and completed in 2016.Cost and other data are presented below:

-Assume that Beavis recognizes revenue on this contract over time according to percentage of completion.Required: Compute the amount of gross profit recognized during 2015 and 2016.

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Brand-Generated Content

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