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Summer Haven Construction Co. uses the percentage-of-completion method to recognize revenue on long-term construction contracts....

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Accounting

Summer Haven Construction Co. uses the percentage-of-completion method to recognize revenue on long-term construction contracts. In 20X1, the company contracted with The Big Group to build an apartment complex for $16,800,000.
Summer Haven has compiled the following information for the project at December 31,20X2:
\table[[,At December 31],[,201,202
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