List Construction Co.uses the percentage-of-completion method.In 2010, List began work on a contract for $1,650,000 and it was completed in 2011.Data on the costs are: Use the following information for questions 44 and 45: Spark Ltd.began work in 2010 on contract #731 which provided for a contract price of
$2,400,000.Other details follow:

Question

List Construction Co.uses the percentage-of-completion method.In 2010, List began work on a contract for $1,650,000 and it was completed in 2011.Data on the costs are:  Use the following information for questions 44 and 45: Spark Ltd.began work in 2010 on contract #731 which provided for a contract price of
$2,400,000.Other details follow:

Quizplus · Accepted Answer

The Answer of List Construction Co.uses the percentage-of-completion method.In 2010, List began work on a contract for $1,650,000 and it was completed in 2011.Data on the costs are:  Use the following information for questions 44 and 45: Spark Ltd.began work in 2010 on contract #731 which provided for a contract price of
$2,400,000.Other details follow: