Question: 8. In accounting for a long-term construction contract using the percentage-of-completion method, the amount of income recognized in any year would be added to a.

8. In accounting for a long-term construction contract using the percentage-of-completion method, the amount of income recognized in any year would be added to

a. Deferred revenues.

b. Progress billings on contracts.

c. Construction in progress.

d. Property, plant, and equipment.

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