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The Leto Construction Company began work on a $12,000 contract on 1/1/20. Planned completion was in 2022. The Percentage-of Completion method is used. The 2021

The Leto Construction Company began work on a \$12,000 contract on 1/1/20. Planned completion was in 2022. The Percentage-of Completion method is used. The 2021 Gross Profit recognized is: a. 5100 b. 5600 c 5340 d. 5800 e. $1,500

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