Answer: A. Recognized $3.75 million loss on the project in 2022.
Explanation:
The project is 70% complete after 2022
i.e $99.75 million costs to date / $142.5 million estimated total costs.
The estimated gross profit is now $7.5 million
( i.e., $150 million - $142.5 million)
gross profit to date is $5.25 million. $9 million was recognized in 2021 so a $3.75 million loss is recognized in 2022.
Answer:
(i know this is late) im taking the test on plato and I think it's a hydrologist
Explanation:
Answer: Option C
Explanation: Whiner term is used for individuals, who have complaint about everything around them. In other words, these are the individuals who keeps complaining all the time and blame the situations for their failures.
In the given case, Lynn is complaining about everything and anything. Michael on the other hand wants to end the meeting with her by asking her to come back with solutions.
Thus, from the above we can conclude that Michael believes that Lynn is a whiner. He believes that she cannot be satisfied no matter what actions he take.
Answer:
A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.
Explanation:
$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.
