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JRE2 Incorporated entered into a contract to install a pipeline for a fixed price of $2,305,000, JRE2 recognizes revenue upon contract completion. In 2025, JRE2

JRE2 Incorporated entered into a contract to install a pipeline for a fixed price of $2,305,000, JRE2 recognizes revenue upon contract completion. In 2025, JRE2 would report gross profit (loss) of: Multiple Choice $(149,000) $57,000. $19,000 $108,000

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