Question: Flint Construction Corp. uses the percentage-of-completion method. In 2023 , Flint began work on a contract for $2587000 which was completed in 2024. Data on

Flint Construction Corp. uses the percentage-of-completion method. In 2023 , Flint

Flint Construction Corp. uses the percentage-of-completion method. In 2023 , Flint began work on a contract for $2587000 which was completed in 2024. Data on the costs are: For the calendar years 2023 and 2024 , Flint should recognize gross profit of 20232024 $657032$1064500 $0$1064500 $657032$407468 $601000$463500

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