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a) Compute the revenue, expense, and income for both 2019 and 2020, and for both years combined, under the companys cost-to-cost revenue recognition method. Revenue

a) Compute the revenue, expense, and income for both 2019 and 2020, and for both years combined, under the companys cost-to-cost revenue recognition method.
Revenue to be recognized : million
($ millions) Cost-to-Cost Reveneu Method
Year Costs incurred Percent of total expected costs Revenue recognized (percentage of costs incurred total contract amount) Income (revenue - costs incurred)
2019
2020
Total
b) Discuss whether or not we believe the cost-to-cost method provides a good measure of the companys performance under the contract

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