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Business, 13.04.2021 01:30 erinolson07cats

Blossom, Inc. began work in 2021 on a contract for $20720000. Other data are as follows: 2021 2022 Costs incurred to date $8880000 $13900000 Estimated costs to complete 5920000 0 Billings to date 6960000 20800000 Collections to date 4960000 17900000 If Blossom uses the percentage-of-completion method, the gross profit to be recognized in 2021 is $3552000. $4000000. $5560000. $5920000.

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Blossom, Inc. began work in 2021 on a contract for $20720000. Other data are as follows: 2021 2022 C...
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