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Current Attempt in Progress During 2020, Larkspur Corporation started a construction job with a contract price of $6.16 million. Larkspur ran into severe technical difficulties
Current Attempt in Progress During 2020, Larkspur Corporation started a construction job with a contract price of $6.16 million. Larkspur ran into severe technical difficulties during construction but managed to complete the job in 2022 . The contract is nonicancellable. Under the terris of tif: contract. Larkspur sends biliings as revenues are earned. Bllilings are non-refundable. The following information is availabier: Calculate the amount of gross profit or loss thit should be recognlzed each year under the zero-proft mothod. Enter negutive armurts usine either a negative sign preceding the number eg, 45 or parentheses es . (45). Do not leave any answe feld blonk. Eintar ofor ancunts)
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