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1 ( 2 0 pts ) Pumpkin Company has contracted to build for the city of Peoria a new school. The estimated cost is and

1 (20

pts

)

Pumpkin Company has contracted to build for the city of Peoria a new school. The estimated cost is

and the contract price is $

10, 000, 000 .

The school took three years to complete as follows:

a Determine using the percentage of completion method the gross profit to be recognized for:

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