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can someone please help me figure out what i am doing wrong? In 2021, the Westgate Construction Company entered into a contract to construct a
can someone please help me figure out what i am doing wrong?
In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: Westgate recognizes revenue over time according to percentage of completion. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the ollowing costs incurred and costs to complete information. (Do not round intermediate calculations and round your final inswers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.) Step by Step Solution
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