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Question - On May 1, 2021, Honesty Company entered into a fixed price contract to construct a building for P6,000,000. Honesty Company appropriately accounts for this contract under the percentage of completion method. Honesty uses the cost-to-cost method to measure its progress in the contract. Information relating to the contract is as follows: estimated cost at completion is P4,500,000 and P4,800,000 for 2021 and 2022, respectively. The company recognized profit of P300,000 and P420,000 for 2021 and 2022, respectively. What amount of Construction Revenue should be recognized for 2022?
mazeltov corporation issued 100000 3-year 10 stated rate bonds on january 1 2004. the bonds pay interest annually and
Prepare a 2015 gift tax return for Natalie SSN 123-45-6787. Natalie made no taxable gifts in prior years
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