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Question 4 2.5 points Save Answer Samarkand Contracting started construction on a skyscraper in 2018, for a price to be paid by the client of
Question 4 2.5 points Save Answer Samarkand Contracting started construction on a skyscraper in 2018, for a price to be paid by the client of $100 million. In 2018, it had expenditures of $10 million and was expecting $40 million extra expenditures in 2019 and 2020, and then the skyscraper would be finished. In 2019, new information came to light causing a revision in estimates: actual expenditures in 2019 were 90 million with an extra 40 million projected for 2020. How much income should Samarkand recognize in 2019? A. Loss of $10 million. O B. Loss of $50 million. o C. Loss of $90 million. OD. None of the above
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