In 2009, Rigsby would recognize realized gross profit of:
A) $500,000.
B) $ 0.
C) $900,000.
D) $100,000.Gross profit % = ($4,500,000 3,600,000) /$4,500,000 = 20% 2009: 20% $500,000 = $100,000
Correct Answer:
Verified
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