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please need help 31. Which of the following is not true about accounting for long-term construction contracts? a. The balance sheet will report a current
please need help 31. Which of the following is not true about accounting for long-term construction contracts? a. The balance sheet will report a current asset when there is a cost of construction in excess of billings. b. The balance sheet will report a current liability when billings are greater than cost of construction and gross profit. c. Gross loss is credited to construction in progress. d. The billing account gets credited when the customer is billed. concut
please need help
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