During 2021, Thoma Construction started a new construction job with a contract price of $620...

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Accounting

During 2021, Thoma Construction started a new construction job with a contract price of $620 million. Thoma has a 12/31 fiscal year end. Thoma has determined that the contract qualifies for revenue recognition over time based on the percentage of completion. The contract was completed on 1231?23 with the following information ( $ in millions):
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