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Business, 26.01.2022 04:10 paytonxxburns05
Brotean Company has completed the second year of a four year contract to rebuild a stretch of highway. Costs incurred to date are $4,000,000, and it is estimated that $6,000,000 in costs are required to complete the job. The total revenue that will be received from the contract is $13,000,000, and the profit on the contract that was recognized in the first year was $500,000.The amount of profit that should be recognized in the second year of the contract by Brotean is:
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