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Country Corp

question 16

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Country Corp.contracted to construct a building for $1,500,000.Construction began in 2017 and was completed in 2018.Data relating to the contract follow: Country Corp.contracted to construct a building for $1,500,000.Construction began in 2017 and was completed in 2018.Data relating to the contract follow:   Country uses the percentage-of-completion method.For the calendar years 2014 and 2015, respectively, Country should report gross profit of A) $270,000 and $170,000. B) $900,000 and $600,000. C) $300,000 and $140,000. D) $0 and $440,000. Country uses the percentage-of-completion method.For the calendar years 2014 and 2015, respectively, Country should report gross profit of


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