Your answer is correct. What portion of the total contract price would be recognized as revenue in 2020 ? In 2021 ? Revenue recognized in 2020 \$ Revenue recognized in 2021$ Attempts: 1 of 3 used Using multiple attempts will impact your score. 5% score reduction after attempt 2 Assuming the same facts as those above except that Grouper uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2021 ? $ Attempts: 1 of 3 used Using multiple attempts will impact your score. 5% score reduction after attempt 2 Grouper Construction Company uses the percentage-of-completion method of accounting. In 2020, Grouper began work under contract \#E2-D2, which provided for a contract price of $2,183,000. Other details follow