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IBM Corporation enters into a contract with a client to provide consulting services. The total contract price is $2,000,000, and it's expected to take two
IBM Corporation enters into a contract with a client to provide consulting services. The total contract price is $2,000,000, and it's expected to take two years to complete. At the end of the second year, IBM has incurred costs of $1,800,000, and the project is complete. How much revenue should IBM recognize in the second year using the completed contract method?
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