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4 XYZ contracted to build a high-rise for Constriction began in $45,000,000 and is expected to be completed in 2008 2010 2008 2009 Costs incurred
4 XYZ contracted to build a high-rise for Constriction began in $45,000,000 and is expected to be completed in 2008 2010 2008 2009 Costs incurred to dair Estimated costs to complete 2,000,000 6,000,000 6,000,000 9,000,000 XYZ uses the percentage-of-completion method. (a) How much gross profit should be reported for 20087 Show work. (b) How much gross profit should be reported for 2009? Show work
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