R Ltd has the following year-end information regarding one of its long-term contracts: Valuc certified-recognised as turnover Profit recognised 2,500,000 750,000 1,875,000 2,200,000 220,000 Cash received Costs to date Future costs (a) The cost of work certified was

R Ltd has the following year-end information regarding one of its long-term contracts: Valuc certified-recognised as turnover Profit recognised 2,500,000 750,000 1,875,000 2,200,000 220,000 Cash received Costs to date Future costs (a) The cost of work certified was

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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R Ltd has the following year-end information regarding one of its long-term contracts:
Value certified-recognised as turnover
Profit recognised
2,500,000
750,000
1,875,000
2,200,000
220,000
Cash received
Costs to date
Future costs
(a) The cost of work certified was

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