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During 2023, Cherry Corp. started a construction job with a total contract price of $1,050,000. Cherry has used zero-profit method. The job was completed on

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During 2023, Cherry Corp. started a construction job with a total contract price of $1,050,000. Cherry has used zero-profit method. The job was completed on December 15, 2024. Additional data are as follows: For 2023, what amount should Cherry recognize as gross profit? a. $120,000 b. $187,500 c. $120,000 d. $0

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