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You are the accountant for an engineering firm. The firm was working on a client project with a fixed fee of $60,000. The project was
You are the accountant for an engineering firm. The firm was working on a client project with a fixed fee of $60,000. The project was 75% complete ($45,000) in January. The engineers completed the work in February. The client paid the $60,000 in March. How much, if any, revenue should be recognized on the income statement in:
January -
February -
March -
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