Under US GAAP, how is Construction in Progress (CIP) typically classified and reported for long-term contracts?

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International Accounting

ISBN: 978-0078110955

3rd Edition

Authors: Timothy Doupnik, Hector Perera

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Posted Date: Apr 18, 2024 03:17 AM

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Under US GAAP, how is Construction in Progress (CIP) typically classified and reported for long-term contracts?

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Under US Generally Accepted Accounting Principles GAAP Construction in Progress CIP for longterm contracts is typically classified and reported as fol... View the full answer

International Accounting

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