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On June 15, 2024, Sanderson Construction entered into along-term construction contract to build a baseball stadium inWashington, D.C., for $230 million. The expected completion date
On June 15, 2024, Sanderson Construction entered into along-term construction contract to build a baseball stadium inWashington, D.C., for $230 million. The expected completion date isApril 1, 2026 Suppose the estimated costs to complete at the end of 2025 are \( \$ 100 \) million instead of \( \$ 60 \) million. Compute the amount of revenue and gross profit or loss to be recognized in 2025, ass 2 answers
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