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15- The Simpson Construction Company uses the percentage-of-completion method of accounting for long-term construction contracts. In 2016, Simpson began work on a construction contract. Information

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15- The Simpson Construction Company uses the percentage-of-completion method of accounting for long-term construction contracts. In 2016, Simpson began work on a construction contract. Information on this contract at the end of 2016 is as follows: What is the contract price (total revenue) on this project

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