-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Calculation Of Revenue With Percentage Of Project Completion Method
Question
Cooper Construction Company had a contract starting January 2013, to construct a $12,000,000 building that is expected to be completed by the end of 2015 at an estimated cost of $11,000,000. At the end of 2013, the costs to date were $5,060,000 and the estimated total costs to complete had not changed. The progress billings during 2013 were $2,400,000 and the cash collected during 2013 was 1,600,000. Cooper Construction Company uses the percentage-of-completion method for revenue recognition.
At December 31, 2013 Cooper would report revenue in the amount of:
a. $460,000
b. $5,060,000
c. $5,520,000
d. $4,720,000
Summary
The question belongs to Accounting and it discusses about calculation of revenue for a construction company with an unfinished project.
Total Word Count 15
Download Full SolutionWHAT OUR STUDENTS SAY
I was having problem completing my economics assignment submission on the concept of demand and supply for my mid terms. That is when one of my friends suggested TheReliableTutor.com and they got back to me as soon as I contacted them. I was very impressed by their expert econ tutors and they have been my guides since that time. The professors are happy with the crisp and relevant assignment work and I am happy with their indepth understanding and research for each assignment and timely delivery of assignments. Thank you TheReliableTutor.!!!
Belinda Freewater Student
I was having a lot of difficulty managing all the assignments that we needed to complete for my post graduate program in Financial Accounting. When I needed to write an accounting assignment essay on cash flow statement I really did not have the time to do all the research and then write the assignment. With the New Zealand accounting assignment expert at HwA I did not have to worry one bit for my assignment writing and scored an A in it.
Oliver Taylor Student
I was struggling with the deadlines of my assignments and increasingly felt at a loss with my undergrads law program at the Victoria Law College. 24 hours in a day were not enough to do the research and structure the assignment essay. At TheReliableTutor the tutors understand my deadlines and I have never had them delay.
Alison Tait Student
My balance sheet never tallied before I approached HwA for help. I always used to mess things up. My ideas regarding the items to be entered where shady and I needed serious help. The balance sheet experts of HwA were of a great help and now I have gained much confidence in the subject.
Julie Lee Student
After completing my graduation in accountancy I decided to pursue a course in taxation. However, my boat started to rock as an when I was faced with the complexity of the assumptions and considerations which needs to be made whilst calculating a business tax. I was clueless and I was looking for means to make things steady. It was then that my senior in the university suggested that I should take help from HwA and I did. The result was magnificent and while reading out their reports and calculations in my own free time, I also learned a lot.
Steve Wheeler Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.