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Ivanhoe Construction Company uses the percentage-of-completion method of accounting- In 2025, Ivanhoe began work under a contract with a contract price of $1,520,000. Other details

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Ivanhoe Construction Company uses the percentage-of-completion method of accounting- In 2025, Ivanhoe began work under a contract with a contract price of $1,520,000. Other details follow: (a) Your answer is correct What portion of the total contract price would be recognized as revenue in 2025 ? in 2026? Revenue recognized in 2025 Revenue recosnized in 2026 Assuming the same facts as those above except that Ivanhoe uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2026 ? Revenue recognized in 2026 Ivanhoe Construction Company uses the percentage-of-completion method of accounting- In 2025, Ivanhoe began work under a contract with a contract price of $1,520,000. Other details follow: (a) Your answer is correct What portion of the total contract price would be recognized as revenue in 2025 ? in 2026? Revenue recognized in 2025 Revenue recosnized in 2026 Assuming the same facts as those above except that Ivanhoe uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2026 ? Revenue recognized in 2026

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