At the beginning of 2009, Florida Road Construction entered into a contract to build a road for the government. Construction will take four years. The following information as of 31 December 2009 is available for the contract:
A、Totalrevenueaccordingtocontract$10,000,000
B、Totalexpectedcost$8,000,000Costincurredduring2009$1,200,000Assumethatthecompanyestimatespercentagecompletebasedoncostsincurredasapercentageoftotalestimatedcosts.Underthecompletedcontractmethod,howmuchrevenuewillbereportedin2009?
A、None
B、$300,000
C、$1,500,000
发布时间:2024-09-25 17:58:14