Batanes Construction Company recognized gross loss of P78,000 on its long-term project which has accumulated costs of P595,000. To finish the project, the company estimates that it has to incur additional cost of P820,000. What is the contract price?

Batanes Construction Company recognized gross loss of P78,000 on its long-term project which has accumulated costs of P595,000. To finish the project, the company estimates that it has to incur additional cost of P820,000. What is the contract price?

Name: Batanes Construction Company recognized gross loss of P78,000 on its l
Uploaded: 2024-03-05T11:50:36.000Z
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Description: Batanes Construction Company recognized gross loss of P78,000 on its long-term project which has accumulated costs of P595,000. To finish the project, the company estimates that it has to incur additional cost of P820,000.What is the contract price?

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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