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How much was the amount of collection for sunny corporation

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Problem 1: Sunny Corporation began constructing a building with a contract price of $43,800,000 in 2009. The ledgers of Sunny Corporation for 2010 shows the following accounts: Construction in Progress - $10,400,000 Accounts Receivable - $3,200,000 Gross Profit earned - $3,952,000 Progress billings to date - $6,500,000. How much was the amount of collection in 2009?

Reference no: EM132943562

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