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Carla Vista Construction Company uses the percentage-of-completion method of accounting. In 2025, Carla...

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Accounting

Carla Vista Construction Company uses the percentage-of-completion method of accounting. In 2025, Carla Vista began work under a contract with a contract price of $1,380,000. Other details follow:
\table[[,2025,2026],[Costs incurred during the year,$921,600,$1,260,000
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