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Oriole, Inc. began work in 2024 on contract #3814, which provided for a contract price of $19875000.0 ther details follow: Assume that Oriole uses the

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Oriole, Inc. began work in 2024 on contract #3814, which provided for a contract price of $19875000.0 ther details follow: Assume that Oriole uses the cost-recovery method of accounting. Total gross profit to be recognized as income in 2025 is $3750000. $6425000 $2550000. $19875000

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