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In 2024, the Westgate Construction Company entered into a contract to construct a road for...

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Accounting

image In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026 . Information related to the contract is as follows: Westgate recognizes revenue over time according to percentage of completion. Complete the information required below to prepare a partial balance sheet for 2024 and 2025 showing any items rela the contract. ote: Do not round intermediate calculations

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