Business
Business, 07.08.2019 00:10, larey

During 2014, gates corp. started a construction job with a total contract price of $14,000,000. the job was completed on december 15, 2015. additional data are as follows: 2014 2015 actual costs incurred during the year $5,400,000 $6,100,000estimated remaining costs 5,400,000 —billed to customer 4,800,000 9,200,000received from customer 4,000,000 9,600,000under the completed-contract method, what amount should gates recognize as gross profit for 2015?

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