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Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2025, Hamilton began work under contract #E2-D2, which provided for a contract price of $2,200,000.
Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2025, Hamilton began work under contract \#E2-D2, which provided for a contract price of $2,200,000. Other details follow: Assuming the same facts as those above except that Hamilton uses the cost-recovery method of accounting, what portion of the total contract price would be recognized as revenue in 2026 ? Revenue recognized in 2026 Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2025, Hamilton began work under contract \#E2-D2, which provided for a contract price of $2,200,000. Other details follow: Assuming the same facts as those above except that Hamilton uses the cost-recovery method of accounting, what portion of the total contract price would be recognized as revenue in 2026 ? Revenue recognized in 2026
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