JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,410,000. JRE2 recognizes revenue upon contract completion. Cost incurred Estimated Cost to Complete 2020 $ 278,000 $ 1,690,000 2021 1,740,000 654,000 2022 590,000 0 In 2022, JRE2 would report gross profit (loss) of:

-$262,000

Explanation:

The calculation of gross profit or loss is shown below:-

Total revenue = $2,410,000

Total cost incurred = $278,000 + $1,740,000

= $2,018,000

Project total estimated cost = $2,018,000 + $654,000

= $2,672,000

Total income = Total revenue - Project total estimated cost

= $2,410,000 - $2,672,000

=-$262,000

Therefore for computing the gross loss we simply deduct the project total estimated cost from total revenue.

1   b) the use of non-standard grammar  

2   a) quiet and shy.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.