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5 points BIG Construction ( B C ) is building a bridge for $ 4 0 million at a total cost of $ 3 4
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BIG Construction is building a bridge for $ million at a total cost of $ million over the next three years.
The company uses percentage of completion method to recognize revenue. Below is a summary of the contract:
Prepare the journal entries for and including construction in process and billing in process,
construction revenue and construction expese
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