Q23
| Year 1 | Year 2 | Year 3 | Costs incurred and paid | $1,200,000 | $2,700,000 | $5,00,000 | Amounts billed and payments received | $1,100,000 | $2,800,000 | $1,400,000 |
What is the cumulative effect of the contract on the cash balance that would have been recorded on the company's balance sheet at the end of Year 2 using the:
| Percentage-of-completion method? | Completed contract method? | A | $0 | $0 | B | $0 | $100,000 | C | $100,000 | $0 | D | $100,000 | $100,000 |
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发表于 2007-10-24 19:15
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