LAC Homepage I LAVC (1) Chapter 06 - Homework Question 4 . hapter 06 - Homework i Saved 4 2. Compute the amount of revenue and gross profit or loss to be recognized in 2024 and 2025 , assuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming Avaya recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2024 , assuming this project does not qualify for revenue recognition over time. Complete