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Return to question 4 JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,485,000. JRE2 recognizes revenue upon contract

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Return to question 4 JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,485,000. JRE2 recognizes revenue upon contract completion. Estimated Cost to Cost incurred Complete 01:57:09 2017 s288,888 $1,748,688 2018 1,79e,e0e 709,e0e 2019 640,900 In 2019, JRE2 would report gross profit (loss) of Multiple Choice $23,000. $69,000. $/233,000) 36,000

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