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22 and 23. all of them thanks 22. The Simpson Construction Company uses the percentage-of-completion method of accounting for long-term construction contracts. In 2016 ,
22 and 23. all of them thanks 22. 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? a. $7,000,000 b. $8,750,000 c. $7,500,000 d. $9,000,000 23. Which term refers to a contract specially negotiated for construction of an asset or a combination of assets that are closely interrelated or entity dependent in terms of their design technology and function for their ultimate purpose or use a. Construction Contract b. Fixed Price Contract c. Cost Plus Contract d. None Of Thesel
22 and 23. all of them thanks
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