Question: EXERCISE 18-23 NOTE*** There is NO example that is correct in the CHEGG Q&A area. every example given got a thumbs down Kingbird, Inc. began

EXERCISE 18-23 NOTE*** There is NO example that is correct in the CHEGG Q&A area. every example given got a thumbs down

Kingbird, Inc. began work on a $6,470,000 contract in 2017 to construct an office building. Kingbird uses the completed-contract method. At December 31, 2017, the balances in certain accounts were Construction in Process $1,662,000, Accounts Receivable $235,000, and Billings on Construction in Process $1,039,000. Indicate how these accounts would be reported in Kingbirds December 31, 2017, balance sheet. (List assets in order of liquidity.)

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