6. Adler Construction Co. uses the percentage-of-completion (over time) method. In 20x4, Adler began work on a contract for P3,300,000 and it was completed in 20x5. Data on the costs are: Year Ended December 31 20x4 20x5 P840,000 Costs incurred..... Estimated costs to complete.... P1,170,000 780,000 For the years 20x4 and 20x5, Adler should recognize gross profit of 20x5 P810,000P480,000 P810,000P1,290,000 20x4 20x4 P-0- P774,000P516,000 20x5 P1,290,000 C. d. a. b. 7. AJD Company recognizes construction revenue and expenses using the percentage of completion (over time) method. During 20x4, a single long-term project was begun which continued through 2005. Information on the project were as follows: 20x4 20x5 Accounts Receivable from P 200,000 P 600,000 construction contract.. Construction expenses. Construction in progress. Partial billings on contract. 210,000 244,000 200,000 384,000 728,000 840,000 The profit recognize from the long-term construction contract should amount to: 20x5 20x420x5 20x4 P 44,000 P456,000 44,000 200,000 34,000 34,000 256,000 100,000 a. С. b. d.

6. Adler Construction Co. uses the percentage-of-completion (over time) method. In 20x4, Adler began work on a contract for P3,300,000 and it was completed in 20x5. Data on the costs are: Year Ended December 31 20x4 20x5 P840,000 Costs incurred..... Estimated costs to complete.... P1,170,000 780,000 For the years 20x4 and 20x5, Adler should recognize gross profit of 20x5 P810,000P480,000 P810,000P1,290,000 20x4 20x4 P-0- P774,000P516,000 20x5 P1,290,000 C. d. a. b. 7. AJD Company recognizes construction revenue and expenses using the percentage of completion (over time) method. During 20x4, a single long-term project was begun which continued through 2005. Information on the project were as follows: 20x4 20x5 Accounts Receivable from P 200,000 P 600,000 construction contract.. Construction expenses. Construction in progress. Partial billings on contract. 210,000 244,000 200,000 384,000 728,000 840,000 The profit recognize from the long-term construction contract should amount to: 20x5 20x420x5 20x4 P 44,000 P456,000 44,000 200,000 34,000 34,000 256,000 100,000 a. С. b. d.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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M Federal Financial Aid P x Students Home Ch. 7 Quiz: Invoices, Tr X A Ch. 7 Quiz: Invoices, Tr X W Ch. 7 Hmwk Invoices, X Students Home i webassign.net/web/Student/Assignment-Responses/last?dep=27277752 Apps M Gmail YouTube A Maps No. R-7539 Panorama Products INVOICE DATE June 16, 20XX 486 5th Avenue CUSTOMER'S ORDER NO. 14155 Eureka, CA 95501 FOl dIHS SAME J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901 SALESMAN SHIPPED VIA Marshall Trucking TERMS Net 30 Days Effingham, IL H. Gilbert QTY. ORDERED QTY. SHIPPED DESCRIPTION LINO 17 cases Masking Tape 1/2" Standard $21.70 11cases Masking Tape 1 1/2" Standard 2" Reflective Tape saxoq 97 37case 37case Sandpaper Assorted INVOICE SUBTOTAL SHIPPING CHARGES Insurance 66 INVOICE TOTAL Type here to search M ins prt sc 144 9.
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Please read the first picutre, and answer on the second picture. thanks for your time
ent II - Chapter 5 Saved Help Save & E 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 18.5989 11.93794 17.5989 11.63496 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Monica wants to sell her share of an investment to Barney for $140,000 in 4 years. If money is wOrth 6% compounded semiannually, what would Monica accept today? Multiple Choice 110,517 $ 109.263 ( Prev 7 of 15 Next>