Question: 3. BU Contractors received a contract to construct an office building for $5,000,000. Construction was begun in 2021 and completed in 2023. BU has a

3. BU Contractors received a contract to construct an office building

3. BU Contractors received a contract to construct an office building for $5,000,000. Construction was begun in 2021 and completed in 2023. BU has a calendar year end. Cost and other data are present below: 23 BU recognizes revenue over time according to percentage of completion

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