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Accounting

find out the amount of gross profit to be recognized in each of the three years assuming the following costs incurred and costs to complete information.

2011 2012 2013

Costs incurred during the year $ 2,400,000 $ 3,800,000 $ 3,200,000
Estimated costs to complete as of year-end 5,600,000 3,100,000 0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M960718

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