Question: In accounting for a long - term construction - type contract using the percentape - of - completion method, the gross proht recogriaed during the
In accounting for a longterm constructiontype contract using the percentapeofcompletion method, the gross proht recogriaed during the year to the
total contract price.
total eatimated cost
total costs incurred to date.
unbilled portion of the contract price.
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