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Business, 06.08.2019 23:30 niescarlosj

Bruner constructors, inc. has consistently used the percentage-of-completion method of recognizing income. in 2014, bruner started work on a $42,000,000 construction contract that was completed in 2015. the following information was taken from bruner's 2014 accounting records: progress billings $13,200,000costs incurred 12,600,000collections 8,400,000estimated costs to complete 25,200,000what amount of gross profit should bruner have recognized in 2014 on this contract?

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