Business, 04.07.2020 23:01 nook4boo

Indiana Co. began a construction project in 2009 that will provide it $150 million when it is completed in 2011. During 2009, Indiana incurred $36 million of costs and estimates an additional $84 million of costs to complete the project. Using the percentage-of-completion method, Indiana recognized:A. $5.25 million gross profitB. $1 million lossC. $7.5 million gross profitD. $3.75 million loss

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