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Assume a construction contract for $400,000 to begin in 2016 and complete in 2017: 2016: Actual costs to date: $90,000 Estimated costs to complete: $210,000

Assume a construction contract for $400,000 to begin in 2016 and complete in 2017:

2016:

Actual costs to date: $90,000 Estimated costs to complete: $210,000 Compute the amounts of revenue and gross profit for 2016

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