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Structco Construction Company entered into a long-term construction contract at a fixed contract price of $4,900,000 on September 1, 20x4. Work has proceeded since that
Structco Construction Company entered into a long-term construction contract at a fixed contract price of $4,900,000 on September 1, 20x4. Work has proceeded since that time with the following results: Required: Determine the amount of revenues, expenses, and income for 204,20x5, and 206 by using the percentage-of-completion method
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