Magnolia Construction [MBH] began work in 2014 under a two-year contract which was to pay...
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Magnolia Construction [MBH] began work in 2014 under a two-year contract which was to pay them $345,000,000. In 2014, MBH spent $135,000,000 on construction and estimated the project would require another $90,000,000 to complete. In 2015, MBH spent $120,000,000 on construction. The amount gross profit to record in 2015 was:
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