katscan101
Nov 16, 2008, 09:35 AM
I am trying to find the income that should be recognized each year using the percentage-of-completion method and the completed contract method for 2006,2007,2008,cost incurred durning the year 2006 $8,00 2007 $16,600 2008 $15,900 Estimated costs to complete 2006 $32,00 2007 $16.400 2008 $0 billings and collections durning year 2006 $7,500 2007 $20,00 2008 $22,500 .the contract was for $50,000