Explain how tinseltown can make revenue recognition

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Reference no: EM131380221

Tinseltown Construction just received a $2 billion contract to construct a modern football stadium in the City of Industry, located in southern California, for a new National Football League (NFL) team called the Los Angeles Devils of Industry.

The company estimates that it will cost $1.5 billion to construct the stadium. Explain how Tinseltown can make revenue recognition decisions each year that enable it to manage earnings over the three-year duration of the contract.

Reference no: EM131380221

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