The following accounting data are pertinent 2001 2002

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2005. The following accounting data are pertinent: 2001 2002 2003 Cumulative contract costs incurred $10,000 $24,000 $39,000 Estimated additional cost to complete $50,000 $36,000 $26,000 In 2003, ABC should have recognized gross profit on this contract as: See page 273-274 10 INCORRECT Mouse Computer Store appropriately uses the instalment method of accounting. The following data are available
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