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To content_id=214 Remaining Time: 1 hour, 10 minutes, 51 seconds. Question Completion Status: Question 4 Yateem, Inc. began work in 2018 on a contract, which

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To content_id=214 Remaining Time: 1 hour, 10 minutes, 51 seconds. Question Completion Status: Question 4 Yateem, Inc. began work in 2018 on a contract, which provided for a contract price of 19,000,000. Other details follow: 2018 2019 4,300,000 9,050,000 0 Costs incurred during the year Estimated costs to complete, as of December 31 Billings during the year Collections during the year 8,200,000 3,600,000 2,100,000 11,200,000 10,900,000 Assume that Yateem uses the cost-recovery method of accounting. The portion of the total gross profit to be recognized in 2019 is O A. 6,500,000 O B. 1,750,000 OC. 19,000,000 O D.5,650,000

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