Howard Construction Co. contracted to build a bridge for $3,000,000. Construction began in 2012 and...
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Accounting
Howard Construction Co. contracted to build a bridge for $3,000,000. Construction began in 2012 and was completed in 2013. Data relating to the construction are:
2012 2013
Costs incurred
$990,000 $825,000
Estimated costs to complete 810,000
Howard uses the percentage-of-completion method.
(e) Show the balance sheet presentation for 2012.
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