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Accounting
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In the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $ The road was completed in Information related to the contract is as follows:
Westgate recognizes revenue over time according to percentage of completion.
Required:
Calculate the amount of revenue and gross profit loss to be recognized in each of the three years.
Note: Do not round intermedlate calculations. Loss amounts should be indlcated with a minus sign.
tableRevenueGross profit loss
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