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Unformatted text preview: Less: Gross profit recognised in prior periods Equals: Gross profit recognised currently Total gross profit (estimated for 2009 & 2010, actual in 2011): Contract price minus total costs Percentage-of-completion: Actual costs to date diveed by the estimated total project cost...
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This note was uploaded on 02/12/2012 for the course ECONOMICS 101 taught by Professor Obiene during the Spring '11 term at Essex County College.
- Spring '11