Solution-What amount should the building be recorded

What amount should the building be recorded

Reference no: EM131865468

Question - Company XYZ constructed a building at a cost of $100,000. A local contractor had submitted a bid to construct it for $90,000.

What amount should the building be recorded?

Should revenue be recorded for the savings between the cost of $90,000 and the bid of $100,000?

Reference no: EM131865468

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What amount should the building be recorded

Reference no: EM131865468

Reference no: EM131865468

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