Question: Question 1 3 ( 2 points ) Which of the following statements is true? If costs and earned profits are greater than the total billed,
Question points
Which of the following statements is true?
If costs and earned profits are greater than the total billed, the project is
underbilled
If costs and earned profits are greater than the total billed, the project is
overbilled
The amount of taxes paid by the contractor is not affected whether the
project is overbilled or underbilled.
If costs and earned profits are less than the total billed, the project is
underbilled
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