Question: Ivanhoe, Inc. began work in 2 0 2 4 on a contract for $ 1 9 6 0 0 0 0 0 . Other data

Ivanhoe, Inc. began work in 2024 on a contract for $19600000.

Ivanhoe, Inc. began work in 2024 on a contract for $19600000. Other data are as follows:
If Ivanhoe uses the cost-recovery method, the gross profit to be recognized in 2025 is
$2500000.
$3050000.
$12200000.
$6100000.
Other data are as follows: If Ivanhoe uses the cost-recovery method, the

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