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A contractor that uses a calendar year as its fiscal year begins construction on a building in May 2017. In August 2017, a hurricane causes
A contractor that uses a calendar year as its fiscal year begins construction on a building in May 2017. In August 2017, a hurricane causes substantial damage that delays resumption of the project until December 2017. In accordance with Cost Accounting Standard (CAS) 417, what portion of the fiscal year can the contractor charge cost of money? May to August May to December August to December May to April
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