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P 6-10 Long-term contract; revenue recognition over time LO6-8, LO6-9 In 2024,...

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Accounting

P 6-10 Long-term contract; revenue recognition over time LO6-8, LO6-9
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:
\table[[,2024,2025,2026
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