Question: Current Attempt in Progress Vaughn Construction Company uses the percentage-of-completion method of accounting. In 2020, Vaughn began work under contract #E2-D2, which provided for a

Current Attempt in Progress Vaughn Construction Company uses the percentage-of-completion method of accounting. In 2020, Vaughn began work under contract \#E2-D2, which provided for a contract price of $2,161,000. Other details follow: (a) - Your answer is incorrect. What portion of the total contract price would be recognized as revenue in 2020 ? In 2021 ? Revenue recognized in 2020$ Revenue recognized in 2021$

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