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Q4) Shanahan Construction Company has entered into a contract beginning January 1, 2019 , to build a parking complex. It has been estimated that the complex will cost $600,000 and will take 3 years to construct. The contract price at $900,000. The following data pertain to the construction period. Instructions a. Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction periodStep by Step Solution
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