In 2024, the Westgate Construction Company entered into a contract to construct a road for...
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Accounting
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. . Caiculate the amount of revenue and gross profit (loss) to be recognized in each of the three years, assuming the following costs icurred and costs to complete information. lote: Do not round intermediate calculations and round your final answers to the nearest whole doller amount. Loss amounts hould be Indicated with e minus sign
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