Question: Bramble Construction Corp. uses the percentage-of-completion method. In 2023, Bramble began work on a contract for $2648000 which was completed in 2024. Data on the

Bramble Construction Corp. uses the percentage-of-completion method. In 2023, Bramble began work on a contract for $2648000 which was completed in 2024. Data on the costs are: For the calendar years 2023 and 2024, Bramble should recognize gross profit of 20232024 $0 $697029$1128500 $598000$530500 $697029$431471

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