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In 2 0 2 4 , Cupid Construction Company ( CCC ) began work on a two - year fixed price contract project. CCC recognizes
In Cupid Construction Company CCC began work on a twoyear fixed price contract project. CCC recognizes revenue over time according to percentage of completion for this contract, and provides the following information dollars in millions:
Accounts receivable, from construction progress billings $
Actual construction costs incurred in $
Cash collected on project during $
Construction in progress, $
Estimated percentage of completion during
What are CCCs estimated remaining construction costs on the project at the end of
Multiple Choice
$
$ million
$ million
$ million INCORRECT
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