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Ivanhoe, Inc. began work in 2021 on a contract for $21280000. Other data are as follows: 2021 2022 Costs incurred to date $9120000 $14100000 Estimated costs to complete 6080000 0 Billings to date 7040000 21200000 Collections to date 5040000 18100000 If Ivanhoe uses the completed-contract method, the gross profit to be recognized in 2022 is
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Ivanhoe, Inc. began work in 2021 on a contract for $21280000. Other data are as follows: 2021 2022 C...
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