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Using the percentage Â of ï»¿completion method, construction revenue of ï»¿current year is ï»¿recognized periodically based on...

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Accounting

Using the percentage $Â o f$ ï»¿completion method, construction revenue $o f$ ï»¿current year $i s$ ï»¿recognized periodically based $o n$ ï»¿progress toward completion $o f$ ï»¿the project.
Describe the formula $t o$ ï»¿compute the $2 n d$ ï»¿year's construction revenue $o n$ ï»¿a project which $i s$ ï»¿estimated $t o Â b e$ ï»¿profitable

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