subject
Business, 05.05.2020 21:30 hailey2910

Pharoah Constructors, Inc. has consistently used the percentage-of-completion method of recognizing income. In 2021, Pharoah started work on a $54880000 construction contract that was completed in 2022. The following information was taken from Pharoah's 2021 accounting records: Progress billings $17248000 Costs incurred 16464000 Collections 10752000 Estimated costs to complete 32928000 What amount of gross profit should Pharoah have recognized in 2021 on this contract

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:00
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.
Answers: 2
question
Business, 22.06.2019 07:30
What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.
Answers: 3
question
Business, 22.06.2019 18:10
Why would an investor invest in your stocks
Answers: 1
question
Business, 22.06.2019 19:00
1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.
Answers: 2
You know the right answer?
Pharoah Constructors, Inc. has consistently used the percentage-of-completion method of recognizing...
Questions
question
Business, 22.09.2020 17:01
question
Mathematics, 22.09.2020 17:01
question
Biology, 22.09.2020 17:01
question
Mathematics, 22.09.2020 17:01
question
Mathematics, 22.09.2020 17:01
Questions on the website: 13722365