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Hercules Energy entered into a contract to install a pipeline for a fixed price of $3 million. Hercules recognizes revenue upon contract completion. How much
Hercules Energy entered into a contract to install a pipeline for a fixed price of $3 million. Hercules recognizes revenue upon contract completion. How much gross profit would Hercules recognize in 20222 Cost incurred per year Estimated cost to complete 2020 $2,100,000 $300,000 1,700,000 2021 450,000 2022 500,000
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