revenue recognition

Nov 20, 2014
Reaction score
Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construc- tion began in 2016 and was completed in 2018. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars (picture in the link) (just do situation 1,2,3) 2015-03-20 20.14.14.png?dl=0

Revenue Recognized Over Time 2016 2017 2018

Revenue Recognized Upon Completion 2016 2017 2018
the answer my teacher provided for Revenue recognized over time year 2018 is:
Situations 1 and 2 = $100,000

Situation 3 = ($100,000)
But I think there may be a problem with this answer.
Could someone help me with this? thanks

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question