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JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,455,000. JRE2 recognizes revenue upon contract completion. Estimated Cost to

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JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,455,000. JRE2 recognizes revenue upon contract completion. Estimated Cost to Complete $1,720,000 670,000 Cost incurred $ 284,000 1,770,000 620,000 2017 2018 2019 In 2018, JRE2 would report gross profit (loss) of. Multiple Choice 0 $0. $(319,000). $(269,000). $(488,000).

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