Use the Following Information for Questions

question 17

Multiple Choice

Use the following information for questions.

-Which of the following should be shown on the statement of financial position at December 31, 2017 related to Contract 3?

• A)unbilled contract costs, $140,000
• B)unbilled contract costs, $60,000
• C)accounts receivable, $760,000
• D)construction in process, $480,000

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