Blossom Constructors, Inc, has consistently used the percentage-of-completion method of recognizing income. In 2021, Blossom...
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Blossom Constructors, Inc, has consistently used the percentage-of-completion method of recognizing income. In 2021, Blossom started work on a $39200000 construction contract that was completed in 2022. The following information was taken from Blossom's 2021 accounting records: What amount of gross profit should Blossom have recognized in 2021 on this contract? $2613333$1306667$1960000$3920000
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