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Fly by Night Construction Company(FNC) is building a shopping completed in 2018. The cost of the mall to the buyer is $300 million. mall to
Fly by Night Construction Company(FNC) is building a shopping completed in 2018. The cost of the mall to the buyer is $300 million. mall to be costs incurred in millions estimated costs to complete in millions 2016 2017 2018 50 200 60 220 50 1. What profit will FNC recognize each year using the completed contract method? 2016 2017 2018 2. What profit will FNC recognize each year using the percentage of completion method? 2016 2017 2018
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