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bedsaul12345
08.03.2021 •
Business
A construction company entered into a fixed-price contract to build an office building for $22 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million. The building was completed during the second year. Construction costs incurred during the second year were $10 million. How much revenue and gross profit or loss will the company recognize in the first and second year if it recognizes revenue upon contract completion?
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Ответ:
$10 million
Explanation:
Calculation for How much revenue and gross profit or loss will the company recognize in the first and second year if it recognizes revenue upon contract completion
Office building $22 million
Less Construction costs incurred first year ($6 million)
Less Construction costs incurred second year ($10 million)
Revenue and gross profit or loss $10 million
(22 million-$6 million-$10 million)
Therefore How much revenue and gross profit or loss will the company recognize in the first and second year if it recognizes revenue upon contract completion is $10 million
Ответ:
Most of the light passes through glass but none of the light passes through metal.
Explanation:
Light will pass through glass just fine, but it cannot pass through silver metal, the reason light gets reflected across silver metal, is that the electrons inside the metal move to a higher energy level, then a lower energy level, emitting the light they just absorbed and reflecting it.