Oriole Construction enters into a contract with a customer to build a warehouse for $980000 on March 30, 2021 with a performance bonus of $40000 if the building is completed by July 31, 2021. The bonus is reduced by $8000 each week that completion is delayed. Oriole commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability July 31, 2021 70% August 7, 2021 20% August 14, 2021 5% August 21, 2021 5% The transaction price for this transaction is:

Mars Corporation uses the percentage-of-completion method. At the end of the first year of a $9,000,000 contract, the following information is available: Costs to date: $2,000,000 Estimated costs to complete 6,000,000 Progress billings during the year 1,800,000 Cash collected during the year 1,500,000 At the end of first year, Mars’ balance sheet should report Construction in Progress account of:

Waterway Industries retires its $780,000 face value bonds at 106 on January 1, following the payment of interest. The company reported a loss of $17,589 after the redemption of the bonds. Which of the following is correct?

Seadrill Engineering licensed software to oil-drilling firms. In addition to providing the software, the company also provides consulting services and support to ensure smooth operation of the software. The total transaction price is $450,000. Based on standalone values, the company estimates the consulting services and support have a value of $200,000 and the software license has a value of $300,000. Assuming the performance obligations are independent, the journal entry to record the transaction includes

In 2021, Sheridan Corporation began construction work under a three-year contract. The contract price is $980000. Sheridan uses the percentage-of-completion method for financial accounting purposes. The income to be recognized each year is based on the proportion of costs incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December 31, 2021, follow: Balance Sheet Accounts receivable—construction contract billings $237000 Construction in progress $725000 Less contract billings 580000 Costs and recognized profit in excess of billings 145000   Income Statement Income (before tax) on the contract recognized in 2021 $145000   How much is the construction expense incurred during 2021?

Mammalian eccrine glands produce 

Which is an example of neoteny in primates?

This sponge has a _________ body plan.   

Organisms in this class are made of spongin, sometimes with silicon dioxide spicules and have the leuconoid body plant. 

Modern birds that can fly, swim, and posses a keel sternum belong to class_______