Question: TB Problem 6 - 2 4 0 ( Algo ) Beck Construction Company began work on a . . . Beck Construction Company began work

TB Problem 6-240(Algo) Beck Construction Company began work on a...
Beck Construction Company began work on a new building project on January 1,2023. The project is to be completed by December
31,2025, for a fixed price of $114 million. The following are the actual costs incurred and estimates of remaining costs to complete the
project that were made by Beck's accounting staff:
Required:
What amount of gross profit (or loss) would Beck record on this project in each year, assuming that Beck recognizes revenue for this
project upon completion of the project?
Note: Enter "None" if there is no requirement of recognizing profit or loss. Loss amounts should be indicated with a minus sign.
Enter your answers in millions (i.e.,10,000,000 should be entered as 10).
 TB Problem 6-240(Algo) Beck Construction Company began work on a... Beck

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