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1. For long-term construction projects, the amount of billings is reported in the balance sheet by: a) adding it to construction in progress. b) netting

1. For long-term construction projects, the amount of billings is reported in the balance sheet by:

a) adding it to construction in progress.

b) netting it against construction in progress.

c) netting it against accounts receivable.

d) adding it to accounts receivable.

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