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HI all,
Hope you all are doing good and studying hard. I am going through F2-32 Becker for long term contract gross profit computation worksheet. and in year 3 and year 4 was stuck when loss computation is there.so wanna check if i am going right or not? In year 3 the current year gross loss is 800.and year 4 it shows current year gross loss is 100.
1. In year 3 the current year gross loss is the result of 500+100+200.is that correct?
2. And i have no idea how they come up with 4th year current year gross loss.please help.
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