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JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,395,000. JRE2 recognizes revenue upon contract completion. Cost incurred Estimated
JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,395,000. JRE2 recognizes revenue upon contract completion.
| Cost incurred | Estimated Cost to Complete | |||||
| 2017 | $ | 276,000 | $ | 1,680,000 | ||
| 2018 | 1,730,000 | 630,000 | ||||
| 2019 | 580,000 | 0 | ||||
In 2018, JRE2 would report gross profit (loss) of:
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Her Majestys Auditor An Adventure Novel With Steampunk Elements
Authors: Markus Pfeiler
1st Edition
164953339X, 978-1649533395
