In 2008, JRE2 would report (rounded to the nearest thousand) gross profit (loss) of :
A) $0.
B) $(100,000) .
C) $ 56,000.
D) $ 73,000.total estimated gross profit ($2,200,000 250,000 1,550,000 = $400,000) , so don't need to recognize any contract loss.
Correct Answer:
Verified
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