Gleason Construction enters into a long-term fixed price contract to build an office building for $20,000,000. In the first year of the contract, Gleason incurs $6,000,000 of cost and the engineers determined that the remaining costs to complete are $10,000,000. How much revenue should Gleason recognize in Year 1 assuming the use of the zero-gross -profit approach?

A fixed budget, also known as a static budget, has resources allocated on a single estimate of costs. That budget amount __________.

a. must be adjusted over time b. cannot be adjusted over time c. is often adjusted over time d. is adjusted frequently during the budget period

Describe in detail the characteristics of the direct subsidized and unsubsidized student loans from the Federal government

What will be an ideal response?