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Can you please help me? During 2023, Wildhorse Company started a construction job with a contract price of $1,504,000. The job was completed in 2025
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During 2023, Wildhorse Company started a construction job with a contract price of $1,504,000. The job was completed in 2025 . The following information is available. The contract is non-cancellable. (a) Calculate the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. (Enter negative amounts using elther a negative sign preceding the number eg. - 45 or parentheses eg. (45).) Calculate the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) Step by Step Solution
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