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Company xyz constructed a building at a cost of 100000 what


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?

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Accounting Basics: Company xyz constructed a building at a cost of 100000 what
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