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Blue Construction Corp. has consistently used the percentage-of-completion method. In 2023, Blue's...

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Accounting

Blue Construction Corp. has consistently used the percentage-of-completion method. In 2023, Blue's started work on a $10752000
construction contract that was completed in 2024. The following information was taken from Blue's 2023 accounting records:
Under the earnings approach, what amount of gross profit should Blue recognize in 2023 on this contract?
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