Problem: Course: Date: Natasha Taylor P18-3, Recognition of Profit and Entries on Long-term Contract AC557 1/5/2011 On March 1, 2010, Chance Company...

"on March 1 2010 chance company entered inot a contract to build an apartment building. It is estimated that the building will cost 2,000,000 and will take 3 years to complete. The contract price was 3,000,000, the information taht follows pertains to construction period" ave attached my problem. "