Solution-Compute the amount of gross profit recognized

Compute the amount of gross profit recognized

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Reference no: EM13993289

Alpha Great Construction was the best selection to build the Stoddard Temple for the amount of $2,500,000. The project broke ground in 2010 and was then completed in 2011. Below the cost and other data are shown below:

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Alpha Great Construction is using the percentage of completion method to recognize revenue:

Compute the amount of gross profit recognized in 2010 and 2011

Reference no: EM13993289

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Compute the amount of gross profit recognized : Alpha Great Construction is using the percentage of completion method to recognize revenue:

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Compute the amount of gross profit recognized

Reference no: EM13993289

Reference no: EM13993289

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