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You receive $45,000 in year 1 for a job to be started and completed in year 2. However, you purchase materials and supplies to prepare

You receive $45,000 in year 1 for a job to be started and completed in year 2. However, you purchase materials and supplies to prepare for the upcoming job. Materials and supplies purchased in year 1 cost $33,000. In year 2 you determine that you would need to purchase an additional $29,000 in supplies

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