In 2010, Rigsby would recognize realized gross profit of:
A) $ 0.
B) $450,000.
C) $300,000.
D) $400,000.Gross profit % = ($4,500,000 3,600,000) /$4,500,000 = 20% 2009: 20% $500,000 = $100,000
2010: 20% [($4,500,000 500,000) /2] = $400,000
Correct Answer:
Verified
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