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In the context of contract costing, the term retention money refers to A. Money held back by the customer until the completion of the contract.

In the context of contract costing, the term retention money refers to A. Money held back by the customer until the completion of the contract. B. Money that the contractor must pay to the customer for late completion. C. Money that is retained by the contractor as profit. D. Money that is set aside for potential cost overruns

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