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Author Question: In 2016, Modern Construction Company entered into a contract to construct a building for $5,000,000. ... (Read 91 times)

leo leo

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on: Sep 13, 2020
In 2016, Modern Construction Company entered into a contract to construct a building for $5,000,000. The estimated cost to complete the building is $4,000,000 and the project will be completed in 2017. Modern incurred actual construction costs of $1,600,000 and $1,800,000 in 2016 and 2017, respectively. How much gross profit is recognized using the percentage-of-completion method in 2016 and 2017?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by leo leo on Sep 13, 2020

carlsona147

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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leo leo

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

JaynaD87

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Reply 3 on: Yesterday
Wow, this really help

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