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Oriole, Inc. began work in 2021 on contract #3814, which provided for a contract price of $19875000. Other details follow: Assume that Oriole uses the

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Oriole, Inc. began work in 2021 on contract \#3814, which provided for a contract price of $19875000. Other details follow: Assume that Oriole uses the completed-contract method of accounting. The portion of the total gross profit to be recognized as income in 2022 is $2550000.$3750000.$19875000.$6425000

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