In 2012, Zog Company enters into a two-year contract to construct a building for $40,000,000. Zog Company estimates it will cost $30,000,000 to complete the building. It completed the building in 2013, and actual costs were $21,000,000 in 2012 and $7,000,000 in 2013. What gross proﬁt does Zog Company report in 2012 and 2013?

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The Answer of In 2012, Zog Company enters into a two-year contract to construct a building for $40,000,000. Zog Company estimates it will cost $30,000,000 to complete the building. It completed the building in 2013, and actual costs were $21,000,000 in 2012 and $7,000,000 in 2013. What gross proﬁt does Zog Company report in 2012 and 2013?

In 2012, Zog Company Enters into a Two-Year Contract to Construct