ACCT 382 Week 5 Chapter 5 Homework Question 4 There may be chances that the figures given in our question and your question doesn’t matches. Don’t worry, we are here to help you. Just write to us at firstname.lastname@example.org and your answer is with you in no time. Question 4 Assume Nortel Networks contracted to provide a customer with Internet infrastructure for $2,000,000. The project began in 2013 and was completed in 2014. Data relating to the contract are summarized below: 2013 2014 Costs incurred during the year $ 300,000 $ 1,575,000 Estimated costs to complete as of 12/31 1,200,000 0 Billings during the year 380,000 1,620,000 Cash collections during the year 250,000 1,750,000
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