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Canada (510,662)
Accounting (108)
ACCTG414 (10)
Lecture

07 - long term constr contracts spreadsheet 1.doc

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Department
Accounting
Course
ACCTG414
Professor
Jocelyn King
Semester
Fall

Description
Long Term Construction Contracts - Profitable Data for Example 2006 2007 2008 Total estimated costs $3,200+$3,200 $6,400 $5,800+$1,450 $7,250 $7,250 $7,250 Percentage complete $3,200/$6,400 50% $5,800/$7,250 80% $7,250/$7,250 100% * * * Contract Value $8,500 $8,500 $8,500 Revenue recognized to date $4,250 $6,800 $8,500 Less: revenue already recognized
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