Question: When Kiner, Inc, began work in 2018 on a contract for $21,000,000. Other data are as follows 2018 2019 Costs incurred to date $9,000,000 $14,000,000

When Kiner, Inc, began work in 2018 on a contract for $21,000,000. Other data are as follows 2018 2019 Costs incurred to date $9,000,000 $14,000,000 Estimated costs to complete 6,000,000 Billings to date 7,000,000 21,000,000 Collections to date 5,000,000 18,000,000 Kiner uses the percentage-of-completion method, the gross profit to be recognized in 2018 is $3,600,000 0 $4,000,000 $5,400,000. $6,000,000 QUESTION 13 491 non on thordata Kino Inn hoann wel in 2010.on Click Save and Submit to save and submit. CI: e answers to save all answers. Pa 102 PWN

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