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Blue Ltd. began work in 2023 on a contract for $969000. Other details follow: Assume that Blue uses the completed-contract method of accounting. The portion
Blue Ltd. began work in 2023 on a contract for $969000. Other details follow: Assume that Blue uses the completed-contract method of accounting. The portion of the total gross profit to be recognized in 2024 is $185000. $317300. $126700. $969000
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