The percentage$-$of$-$completion and zero$-$profit methods of accounting for long$-$term construction contracts will produce:

Question $23$ Select one:

a$.$

The same inventory carrying value each year during the construction period.

b$.$

The same amount of gross revenue in the year of completion.

c$.$

Equal balances each period in the Accounts Receivable for recording the progress billings

d$.$

Ending contract asset $/$ liability would be the same prior to the year of completion