Construction Costs and Profits in Excess of Billings Are Carried

question 83

Multiple Choice

Construction costs and profits in excess of billings are carried on the balance sheet as a/an ________.

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

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Definitions:

Isotopes

Forms of an element that differ in the number of neutrons their atoms carry.

Electrons

Negatively charged particles in atoms, playing a crucial role in chemical reactions and electricity by transferring energy and charge.

Neutrons

Subatomic particles found in the nucleus of an atom, having no electrical charge and a mass slightly greater than that of protons.

Protons

Positively charged subatomic particles found in the nucleus of an atom, fundamental to the chemical identity and properties of an element.