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Mars Corporation uses the completed-contract method. At the end of the first year of a...

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Accounting

Mars Corporation uses the completed-contract method. At the end of the first year of a $9,000,000 contract, the following
information is available:
In the first year, Mars should recognize gross profit of
$300,000
$250,000
$0
$1,000,000
THE ANSWER IS NOT $250,000
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