frick construction company uses the

Project Description:

frick construction company uses the percentage-of-completion method of accounting. in 2010, frick began
work on a contract it had received which provided for a contract price of $15,000,000. other details follow:
costs incurred during the year $7,200,000
estimated costs to complete as of december 31 4,800,000
billings during the year 6,600,000
collections during the year 3,900,000
what should be the gross profit recognized in 2010?
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Price Type: Negotiable

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