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On June 15. 2016. Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington. D.C for $330 million. The expected
On June 15. 2016. Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington. D.C for $330 million. The expected completion date is April 1.2018. just in time for the 2018 baseball season. Determine the amount of revenue, cost, and gross profit or loss to be recognized in each of the three years under IFRS, assuming that using the percentage-of-completion method is not appropriate. (Enter your answers in millions.)
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