Exercise 6-23(Algo) Income (loss) recognition; Long-term contract; revenue recognition over time vs. upon...
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Exercise Algo Income loss recognition; Longterm contract; revenue recognition over time vs upon project completion LO Brady Construction Company contracted to build an apartment complex for a price of $ Construction began in and was completed in The following is a series of independent situations, numbered through involving differing costs for the project. All costs are stated in thousands of dollars. Required: Complete the following table. Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands of dollars ie $ thousand should be entered as $ Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign. 
Exercise Algo Income loss recognition; Longterm contract; revenue recognition over time vs
upon project completion LO
Brady Construction Company contracted to build an apartment complex for a price of $ Construction began in and
was completed in The following is a series of independent situations, numbered through involving differing costs for the
project. All costs are stated in thousands of dollars.
Required:
Complete the following table.
Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands of dollars ie $
thousand should be entered as $ Round your final answers to the nearest whole dollar. Negative amounts should be
indicated by a minus sign.
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