Facts for questions 20 to 29 Cooper Construction Company had…
Facts for questions 20 to 29 Cooper Construction Company had a contract starting April 2024, to construct a $24,000,000 building that is expected to be completed in September 2026, at an estimated cost of $22,000,000. At the end of 2024, the costs to date were $10,120,000 and the estimated total costs to complete had not changed. The progress billings during 2024 were $4,800,000 and the cash collected during 2024 was 3,200,000. Use these facts to answer questions 20 to 29.