Question: 1. How does XYZ Construction Company that has a five-year contract to build a dam recognize the following accounts in its financial statements Construction in

1. How does XYZ Construction Company that has a five-year contract

1. How does XYZ Construction Company that has a five-year contract to build a dam recognize the following accounts in its financial statements" Construction in progress, partial billings, construction revenue and construction expenses. (10 Points) 2. State clearly five things that you expect XYZ to disclose in its Notes to Financial Statements during the annual report? List but do not discuss (10 points)

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