mply with the court order. Other entities have incurred around ₱60M for similar cleanup; however, EXHAUSTIVE’s best estimate of the cost of cleanup is ₱80M. How much is the provision to be recognized? a. 60M​​​​​ c. 70M​b. 8

E10.2

Please show work and no plagiarism please i give up vote

Solve both questions Do not give answer in image formate

Exercise 5-4 (Algorithmic) (LO. 4) Sandstorm Corporation decides to develop a new line of paints. The project begins in 2023. Sandstorm incurs the following expenses in 2023 in connection with the project: Salaries Materials Depreciation on equipment The benefits from the project were realized starting in July 2024. If an amount is zero, enter "0". What are Sand-storm's related deductions in 2023 and 2024 in connection with the project? 2023: $ OX 2024: $ 24,418 X $168,400 50,520 25,260

AA3

Only answer D and E please

Qr6

Subject : Accounting

! Required Information Problem 6-10 (Static) Long-term contract; revenue recognition over time [LO6-8, 6-9] [The following information applies to the questions displayed below.] In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026. Information related to the contract is as follows: Cost incurred during the year Estimated costs to complete as of year-end Billings during the year Cash collections during the year Westgate recognizes revenue over time according to percentage of completion. Costs incurred during the year Estimated costs to complete as of year-end Revenue Gross profit (loss) 2024 $ 2,400,000 5,600,000 2,000,000 1,800,000 2024 2025 Problem 6-10 (Static) Part 4 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information. 2025 $ 3,600,000 2,000,000 Note: Do not…