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In the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $ The road was completed in Information related to the contract is as follows:
Cost incurred during the year $ $ $
Estimated costs to complete as of yearend
Billings during the year
Cash collections during the year
Westgate recognizes revenue over time according to percentage of completion.
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date: