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Business, 17.04.2020 22:28 abebaretosuacegod445

In 2021, Horner began work on a contract for $22,000,000; it was completed in 2022. The following cost data pertain to this contract: Year Ended December 31 2021 2022 Cost incurred during the year $7,800,000 $5,600,000 Estimated costs to complete at the end of year 5,200,000 — If the completed-contract method of accounting was used, the amount of gross profit to be recognized for years 2021 and 2022 would be:

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In 2021, Horner began work on a contract for $22,000,000; it was completed in 2022. The following co...
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