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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Construction Contracts – Example 5 ??
Hi please can anyone help.
Chapter 13 – Example 5.
In answers, General Costs are $ 750,000. (For year 2)
Can anyone show me how this is arrived at? I only get it to $ 715,000 ??
My workings:
Costs to Date 500,000
Estimated to completion 600,000
Any help much appreciated 🙂
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Thank you Marky