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Bsossom Construction Company has entered into a contract beginning January 1, 2025, to bulld a parkine complex. it has been at 5903,000 , The following
Bsossom Construction Company has entered into a contract beginning January 1, 2025, to bulld a parkine complex. it has been at 5903,000 , The following data pertain to the construction period. (a) Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is O, please enter O. Do not leave any fields blank.) eTextbook and Media Attemptr: 0 of 5 used (b). Using the cost-recovery method, compute the estimated gross profit that would be recognized during each year of the construction period, (If answer is 0 , please enter 0 . Do not leave any fields blankl) Gross profit recognized in 2025 Gross profit recognized in 2026 Gross profit recognized in 2027
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