Question: please also include answer for completed contract method During 2023. Cullumber Company started a construction phb with a contract prict af $1,984,000. The job was
During 2023. Cullumber Company started a construction phb with a contract prict af $1,984,000. The job was completed in 2025 . The following information is ivaliable. The contrace is non cancellable. (a) Calculate the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used, (Enter negative amounts using either a negative sign preceding the number eg - 45 or porentheses es. (45)]
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