[Solved] Use the Following to Answer Questions

Question 230
Multiple Choice
Question 230

Use the following to answer questions
Sahara Desert Homes (SDH)reports under IFRS and constructed a new subdivision during 2015 and 2016 under contract with Cactus Development Co.Relevant data are summarized below:
img SDH uses the cost recovery method under IFRS to recognize revenue.
-What is SDH's journal entry to record revenue in 2016?

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