Jones’s proposal for a building contract was $125,500. After finding that her bid was low, she checked her estimates and found that an item of $25,000 had been incorrectly recorded as $2,500 in making the summary of costs. What can she do about the situation? Explain.

Jones’s proposal for a building contract was $125,500. After finding that her bid was low, she checked her estimates and found that an item of $25,000 had been incorrectly recorded as $2,500 in making the summary of costs. What can she do about the situation? Explain.

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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