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Beck Construction Company began work on a new building project on January 1, 2017. The project is to be completed by December 31, 2019, for

Beck Construction Company began work on a new building project on January 1, 2017. The project is to be completed by December 31, 2019, for a fixed price of $108 million. The Following are the actual costs incurred and estimates of remaining costs to complete the project that was made by Beck's accounting staff:

Year Actual costs incurred in each year Estimated remaining costs to complete the project (measured at Dec. 31 of each year) Gosss Profit or Loss Recorded Computation here
2017 30 Million 60 Million 6 million
2018 45 Million 45 Million ?
2019 35 Million 0

10 Million

I cant figure out the loss in 2018. The answer says it is a loss of(18mil) But why is it 6million dollar profit plus a 12 million dollar loss should equal 6Million loss not 18 million profit please explain.

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