Accumulated depr Study guides, Class notes & Summaries

Question 1. Question : (TCO A) Amazon Building, Inc. won a bid for a new warehouse building contract. Below is information from the project accountant. Total Construction Fixed Price $10,000,000 Construction Start Date June 13, 2012 Construction Complete Date December 16, 2013 As of Dec. 31… 2012 2013 Actual cost incurred $4,500,000 $2,360,000 Estimated remaining costs $2,250,000 $- Billed to customer $6,000,000 $4,000,000 Received from customer $5,000,000 $3,500,000 Assuming Amazon Building, ...

Capella University:MBA-FP6014 Assessment Sanchez Corporation - Company records at the end of accounting period December 31, 2012: Problem 1. Account Dollar Amount Total Assets $ 600,000.00 Total Noncurrent assets $ 350,000.00 Liabilities Dollar Amount Notes Payable (8% due in 6 yrs) $ 40,000.00 Accounts payable $ 60,000.00 Income taxes currently payable $ 15,000.00 Liability for withholding taxes $ 4,000.00 Rent revenue collected in advance by up to 4 months $ 8,000.00 Bonds payable (...