User Account

All Pages

What is the total amount of construction expenses

Assignment Help Accounting Basics
Reference no: EM132804205

Problem 1: At December 31, 20x5, Seasons Construction estimates that it is 75% complete with the building; however, the estimate of total costs to be incurred has risen to P14,400,000 due to unanticipated price increases. At December 31, 20x4, Seasons estimated it was 30% complete. What is the total amount of Construction Expenses that Seasons will recognize for the year ended December 31, 20x5?

a. P10,800,000
b. P 6,540,000
c. P6,390,000
d. P6,300,000

Reference no: EM132804205

Questions Cloud

What is the before-tax cost of debt for olympic : Olympic Sports has two issues of debt outstanding. One is a 9% coupon bond with a face value of $20M, a maturity of 10 years, and a yield to maturity
Determine the carrying amounts of the right-of-use asset : ABC knows that the lessor expects a 10% return on the lease. Determine the carrying amounts of the right-of-use asset and lease liability
What is reported in the balance sheet at december : What is reported in the balance sheet at December 31, 20x5 for Seasons as the difference between the Construction in Process
Write overview of the code of ethics for the organization : Each discipline has a professional organization that guides the actions of its members. As you join the ranks of professionals, you will need places to look.
What is the total amount of construction expenses : Seasons estimated it was 30% complete. What is the total amount of Construction Expenses that Seasons will recognize for the year ended December 31, 20x5?
Calculate the employee and employer portion of CPP and EI : Birch Company has 5 sales employees , each of whom earns $3,000 per month. Calculate the employee and employer portion of CPP and EI
How is a data mining different from a database : How is a data mining different from a database? Explain the difference and similarity between discrimination and classification, between characterization.
FNSACC412 Prepare Operational Budgets Assignment : FNSACC412 Prepare Operational Budgets Assignment Help and Solution, Sydney Metro College - Assessment Writing Service
Determine the probability-weighted amount for the management : AJD Builders Construction Company enters into a contract, Determine the probability-weighted amount for the management to determine the transaction price.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd