[r2d2]

Thanks, I understand everything EXCEPT the projected loss of 140 . . . how did u arrive at that? was it as follows:
65% of 1 mill= 650g
less) the cost to date minus cost to completion = 500-600 = (100)
to give a cost recognized of (750,000)
Then, the (100) from above, along with the cost recognized of (40) to give (140)?

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