Bower Construction Comp.has consistently used the percentage-of- method for recognizing revenue on its long-term contracts.During 2010 Bower entered into a fixed-price contract to construct an office building for $8,000,000.Information relating to the contract is as follows: Required (Show Calculations):

Question

Bower Construction Comp.has consistently used the percentage-of- method for recognizing revenue on its long-term contracts.During 2010 Bower entered into a fixed-price contract to construct an office building for $8,000,000.Information relating to the contract is as follows:

Required (Show Calculations):
Bower Construction Comp.has consistently used the percentage-of- method for recognizing revenue on its long-term contracts.During 2010 Bower entered into a fixed-price contract to construct an office building for $8,000,000.Information relating to the contract is as follows: Required (Show Calculations):

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The Answer of Bower Construction Comp.has consistently used the percentage-of- method for recognizing revenue on its long-term contracts.During 2010 Bower entered into a fixed-price contract to construct an office building for $8,000,000.Information relating to the contract is as follows:  Required (Show Calculations):