Business, 20.03.2020 07:38, saltytaetae

JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,200,000. JRE2 recognizes revenue upon contract completion. Cost incurredEstimated Cost to Complete 2020$250,000 $1,550,000 2021 1,600,000 500,000 2022 450,000 0 In 2021, JRE2 would report gross profit (loss) of:

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JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,200,000. JRE2 recogn...