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A company entered into a fixed price contract to build a road for $20 million Construction costs incurred in the first year were $10 million

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A company entered into a fixed price contract to build a road for $20 million Construction costs incurred in the first year were $10 million and estimated remaining costs to complete at the end of the year were $11 million, How much gross profit or loss will the company recognize in the first year if it recognizes revenue over time according to percentage of completion method? (Enter your answer in millions.) million How much gross profit or loss will the company recognize in the first year applying the completed contract method? (Enter your answer in millions.) GOS motion

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