In accounting for a long-term construction contract, if the billings on a construction in progress exceed the

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In accounting for a long-term construction contract, if the billings on a construction in progress exceed the costs assigned to the construction in progress (contract asset), then how should this be disclosed in the statement of financial position?

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 05, 2023 09:48 AM

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In accounting for a long-term construction contract, if the billings on a construction in progress exceed the

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When a reporting entity has entered into a contract with a customerincluding a longterm construction ...View the full answer

Financial Accounting

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