Question: Assume Estate Construction is constructing a building for CyberB an
Assume Estate Construction is constructing a building for CyberB, an online retailing company. Under the construction agreement, if for some reason Estate could not complete construction, CyberB would own the partially completed building and could retain another construction company to complete the job. When should Estate recognize revenue, as the building is constructed or after construction is completed? Explain your answer.
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