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QUESTION 1 Dial Construction Co. began a long-term construction project on Jan. 1. 2019. and the project is expected to be completed on Dec. 31,

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QUESTION 1 Dial Construction Co. began a long-term construction project on Jan. 1. 2019. and the project is expected to be completed on Dec. 31, 2020. The total contract amount is $5000. At the end of 2019, construction costs for the project so far were $1400, and estimated remaining costs to complete the project were $2600. Assuming the project qualifies to recognize revenue over time and all estimates are correct how much gross profit (not revenue) would Dial report for 2020? Place your answer on the first line below, and any supporting work below your answer. Arial 3 (12pt) TTTT Paragraphy QUE TT, Mashups T ESS Path

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