Question: 14 Company C uses the percentage-of-completion method for construction projects. During 19A and 19B it incurred construction costs of $10,000 and $20,000 respectively, and it

14 Company C uses the percentage-of-completion method for construction projects. During 19A and 19B it incurred construction costs of $10,000 and $20,000 respectively, and it expects to incur another

$40,000 additional costs in the future. In 19A, it recognized $5,000 profit. The total contract price is

$150,000 How much profit should Company C recognize in 19B?

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