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Culver Construction Company began work on a $ 4 0 2 , 0 0 0 construction contract in 2 0 2 0 . During 2
Culver Construction Company began work on a $ construction contract in During Culver incurred costs of $ billed its customer for $ and collected $ At December the estimated additional costs to complete the project total $
Prepare Culvers journal entry to record profit or loss, if any, using a the percentageofcompletion method and b the completedcontract method.
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