Hamilton Construction Company uses the percentage-of-completion method of accounting. In 2025, Hamilton began work under...
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Hamilton Construction Company uses the percentageofcompletion method of accounting. In Hamilton began work under contract #ED which provided for a contract price of $ Other details follow:Costs incurred during the year$$Estimated costs to complete, as of December Billings during the yearCollections during the yearAssuming the same facts as those above except that Hamilton uses the costrecovery method of accounting, what portion of the total contract price would be recognized as revenue in Revenue recognized in $
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