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What is the total amount of revenue from long-term contracts

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Problem - At the end of year 2, the Company estimated the building was 75% complete based on total estimated costs of $18,000,000. The Company completes the remaining 25% of the building construction in year 3 as scheduled, however, at that time the total costs of construction were $18,750,000. What is the total amount of Revenue from Long-Term Contracts and Construction Expenses that Seasons will recognize for year 3?

Reference no: EM132886242

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