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In 2021. Montana Corp. entered into a contract to begin work on a two-year project. Montana
recognizes revenue over time according to percentage of completion for this contract, and
provides the following information (dollars in millions): Selected Amounts What is the amount
of gross profit on the project recognized by Montana during 2021? $70 , 000 , 000 $60 , 000 ,
000 $35 , 000 , 000 $105 , 000 , 000

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