Costs and Recognized Profits in Excess of Billings Are Carried

question 80

Multiple Choice

Costs and recognized profits in excess of billings are carried on the balance sheet as a(n) ________.

• A) asset
• B) liability
• C) equity
• D) revenue

---

Definitions:

Kidney Tubules

Microscopic tubes in the kidneys where urine is formed through the processes of filtration, absorption, and secretion.

Organelle of Locomotion

Cellular structures that enable movement in organisms, such as cilia and flagella.

Flagellum

A long, whip-like appendage that enables many bacteria, sperm cells, and other organisms to swim and move.

Ciliated Cells

Cells that have fine hair-like projections on their surface, which move in unison to transport substances or debris across the cell surface.