Question Details

[answered] B Problems 7 ruilding is $8,000,000. Dolphin appropriately


B Problems 7 ruilding is $8,000,000. Dolphin appropriately accounts for this contract under the completed-contract method in its financial statements and for income tax reporting. The building was deemed substantially ompleted on December 31, 2016. Estimated percentage of completion, accumulated contract costs ncurred, estimated costs to complete the contract, and accumulated billings to under this contract are hown below. At At At December December December 31, 2014 31, 2015 31, 2016 Percentage of completion 20% 60% 100% Contract costs incurred $1,400,000 $4,920,000 $8,100,000 Estimated costs to complete the contract $6,600,000 $3,280,000 ?0? Billings $1,000,000 $4,500,000 $7,800,000 nstructions (a) Prepare schedules to compute the amount to be shown as ?Cost of uncompleted contract in excess of related billings" or ?Billings on uncompleted contract in excess of related costs" at December 31, 2014, 2015, and 2016. (Ignore income taxes.) Show supporting computations in good form. (b) Prepare schedules to compute the profit or loss to be recognized as a result of this contract for H113 vnnrq nn?n?l nnrnmknr '21 701A 701'; and 701A (lo-nnrn inr?nmn +2vnq\ thur annnnrtino
This text was automatically generated from the attachment. Please refer to the attachment to view this question.
This question was created from ch18 https://www.aceyourstudies.com/file/10136784/ch18/?focusQaId=10149421

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 18, 2020

PRICE: $15

Solution~0001005377.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Sep 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now