Question: Tinsel town Construction just received a 2 billion contract to
Tinsel town Construction just received a $2 billion contract to construct a modern football stadium in the City of Industry located in southern California for a new National Football League (NFL) team called the Los Angeles Devils of Industry. The company estimates it will cost $1.5 billion to construct the stadium. Explain how Tinseltown can make revenue recognition decisions that enable it to manage earnings over the three-year duration of the contract.
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