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Accounting (108)
ACCTG414 (10)
Lecture

07 - long term constr contracts spreadsheet 2.doc

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Department
Accounting
Course
ACCTG414
Professor
Jocelyn King
Semester
Fall

Description
Long Term Construction Contracts - Loss Contracts Data for Example 2004 2005 2006 Total estimated costs $3,200+$3,200 $6,400 $5,800+ $10,000 $10,300 $10,300 $4,200 Percentage complete $3,200/$6,400 50% $5,800/$10,00 58% $10,300/$10,30 100% 0 0 * * * Contract Value $8,500 $8,500 $8,500 Revenue recognized to date $4,250 $4,930 $8,500 Less: revenue already recognized
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