question archive On February 2018, National Construction Company started to construct a $14,000,000 building that is expected to be completed in November 2021, at an estimated cost of $12,500,000
On February 2018, National Construction Company started to construct a $14,000,000 building that is expected to be completed in November 2021, at an estimated cost of $12,500,000
Subject:AccountingPrice: Bought3
On February 2018, National Construction Company started to construct a $14,000,000 building that is expected to be completed in November 2021, at an estimated cost of $12,500,000. At the end of 2018, the costs to date were $2.500.000 and the estimated costs to complete was $9,000,000 Progress billings were $1,600,000 and the cash collected was 1,300,000 The amount reported in Construction in Process is OA $9,000,000 B $3,500,000 OC $3,920,000 D. $420,000
