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Pearl Construction Company uses the percentage-of-completion method of accounting In 2020, Pearl began work under contract #E2-D2, which provided for a contract price of $2,159,000.

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Pearl Construction Company uses the percentage-of-completion method of accounting In 2020, Pearl began work under contract \#E2-D2, which provided for a contract price of $2,159,000. Other details follow: (a). What portion of the total contract price would be recognized as revenue in 2020 ? In 2021? Revenue recognized in 2020 Revenue recognized in 2021

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