Why Is Construction-In-Progress Increased by the Annual Recognized Profit on Long-Term

question 104

Multiple Choice

Why is construction-in-progress increased by the annual recognized profit on long-term construction contracts?

• A) Because the contract price has increased.
• B) Because the cost of the project is reduced.
• C) Because work has been done.
• D) Because the project's value is increased above cost.

---

Definitions:

Test Result

The outcome or conclusion derived from examining or assessing performance, often in the context of academics, health diagnostics, or scientific experiments.

Surgical Birth

Also known as a cesarean section, it is the delivery of a baby through a surgical incision in the mother's abdomen and uterus.

Fetus

A fetus is a developing mammal or human from the completion of the embryonic stage to birth, characterized by rapid growth and the development of bodily structures.

Newborn Survival

The ability of a newborn child to live beyond the neonatal period, encompassing health, healthcare, and environmental factors.