Shore Construction Co.has consistently used the percentage-of-completion method of recognizing revenue.During 2010, Shore entered into a fixed-price contract to construct an office building for $6,000,000.Information relating to the contract is as follows: Under the earnings approach, contract costs incurred during 2011 were

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Shore Construction Co.has consistently used the percentage-of-completion method of recognizing revenue.During 2010, Shore entered into a fixed-price contract to construct an office building for $6,000,000.Information relating to the contract is as follows:  Under the earnings approach, contract costs incurred during 2011 were

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The Answer of Shore Construction Co.has consistently used the percentage-of-completion method of recognizing revenue.During 2010, Shore entered into a fixed-price contract to construct an office building for $6,000,000.Information relating to the contract is as follows:  Under the earnings approach, contract costs incurred during 2011 were