Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2018, are presented below: Estimated cost to complete:
-Assuming BCC recognizes revenue upon project completion, what would gross profit have been in 2017 and 2018 (rounded to the nearest thousand)?
A) option a
B) option b
C) option c
D) option d

Question

Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2018, are presented below:  Estimated cost to complete:  
-Assuming BCC recognizes revenue upon project completion, what would gross profit have been in 2017 and 2018 (rounded to the nearest thousand)? 
A) option a 
B) option b 
C) option c 
D) option d

Quizplus · Accepted Answer

No revenue is recognized until completion of project in year 2018.

Summary Data for Benedict Construction Co