Periodic billings to the customer for a long-term construction contract are recorded as billings on construction contract.

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Periodic billings to the customer for a long-term construction contract are recorded as billings on construction contract. How is this account reported in the balance sheet?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jun 24, 2013 07:24 AM

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Periodic billings to the customer for a long-term construction contract are recorded as billings on construction contract.

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The billings on construction contract account is a contra account t...View the full answer

Intermediate Accounting

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