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Under the Competed Contract Method of Accounting,how Much Profit (Loss)should

Question 64

Multiple Choice

Under the competed contract method of accounting,how much profit (loss) should Carbon recognize in years 1,2,and 3 respectively?

A) $0,$0,$250,000
B) $0,$0,$400,000
C) $100,000,$300,000, ($150,000)
D) $75,000,$225,000, ($50,000)

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