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At December 31, 2011 Seasons Construction estimates that it is 75% complete with the building; however, the estimate of total costs to be incurred has risen to $7,200,000 due to unanticipated price increases. What is the total amount of Construction Expenses that Seasons will recognize for the year ended December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M954561

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