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    katscan101 Posts: 2, Reputation: 1
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    #1

    Nov 16, 2008, 10:35 AM
    Compute income for percentage-of-completion &completed contract method
    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
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    katscan101 Posts: 2, Reputation: 1
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    #2

    Nov 20, 2008, 07:11 AM

    $2000 $3400 $4100 percentage method $0 $0 $9200 Compeleted method
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