Question: During this month, ACY Limited ( ACY ) signed a contract with a customer, BBA Limited ( BBA ) , in which ACY shall build
During this month, ACY Limited ACY signed a contract with a customer, BBA Limited BBA in which ACY shall build a warehouse for BBA. The fixed contract price is $ payable upon completion of the warehouse. An extra bonus of $ is also payable to ACY if the work could be completed by the agreedupon completion date. Based on ACYs past experience, this is estimated that there is chance of completing the work on time, and chance of late completion. Question By the end of this month, ACY estimates that of the construction work has been completed. How much revenue shall be recognized by ACY for this month? Question Select one: A $ B $ C $ D $
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