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What is the balance in the Contract Asset/Liability account at December 31,2023 and 2024 ? eTextbook and Media List of Accounts Attempts: 0 of 2

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What is the balance in the Contract Asset/Liability account at December 31,2023 and 2024 ? eTextbook and Media List of Accounts Attempts: 0 of 2 used (e1) The parts of this question must be completed in order. This part will be available when you complete the part above Show Attempt History Current Attempt in Progress Cullumber Enterprises Ltd. has entered into a contract beginning in February 2023 to build two warehouses for Ivanhoe Structures Ltd. The contract is a non-cancellable fixed-price contract for $9.8 million. The following data pertain to the construction period (all figures in thousands)

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