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What gross profit on project a to be recognized would be

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TYRO Corporation Co., has two projects for which it reported, as of December 31, 20x9, the following information:

                                                                                    Contract price 20x8:                       Costs incurred Percent completed 20x9:

Costs incurred Percent completed Project A Php          4,800,000 Php                             3,400,000

75% Php 1,250,000 25% Project B                             Php 860,000                              Php 140,000 15%

Question 1: Using the percentage-of-completion method of revenue recognition, gross profit on Project A to be recognized in 20x8 would be

Reference no: EM132538479

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