In 2019, Gracia Builders successfully building for P26M. Gracia uses the- following data are obtained on the pr Progress of work at completion At December 31, 2019 At December 31, 2020 Estimated total cost at completion At December 31, 2019 At December 31, 2020 Profit recognized to date At December 31, 2019 At December 31, 2020 2. The estimated costs to complete the bu P3,900,000 P19,500,000 a. b. 3. The total costs incurred in 2020 is P14,400,000 P15,600,000 a. b.
In 2019, Gracia Builders successfully building for P26M. Gracia uses the- following data are obtained on the pr Progress of work at completion At December 31, 2019 At December 31, 2020 Estimated total cost at completion At December 31, 2019 At December 31, 2020 Profit recognized to date At December 31, 2019 At December 31, 2020 2. The estimated costs to complete the bu P3,900,000 P19,500,000 a. b. 3. The total costs incurred in 2020 is P14,400,000 P15,600,000 a. b.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 26E
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Please answer No. 2 and 3 and No. 21 questions
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