REQUIRED: a) Using percentage-of-completion method, prepare schedules to compute the profit and loss to...
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Accounting
REQUIRED:
a Using percentageofcompletion method, prepare schedules to compute the profit and loss to be recognized as a result of this contract for the year ended September and
b Using cost recovery method, prepare schedules to compute the profit and loss to be recognized as a result of this contract for the year ended September and
c Prepare a complete set of journal entries for using the percentageofcompletion method
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