Solved: Alpha great construction is using the percentage of, Accounting Basics

Alpha great construction is using the percentage of

Alpha Great Construction was the best selection to build the Stoddard Temple for the amount of $2,500,000. The project broke ground in 2010 and was then completed in 2011. Below the cost and other data are shown below:

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Alpha Great Construction is using the percentage of completion method to recognize revenue:

Compute the amount of gross profit recognized in 2010 and 2011

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Accounting Basics: Alpha great construction is using the percentage of

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