Which method(s) of accounting recognize revenue when payments are received from the owner, and expenses when bills are paid?

Select one or more:

a. Percentage of Completion

b. Completed Contract

c. Cash

d. Accrual

Which of the following are shown on the income statement?

Select one or more:

a. Liabilities

b. Owner's Equity

c. Equipment Costs

d. Profit

e. Overhead

Which of the following are shown on the balance sheet?

Select one or more:

a. Construction costs

b. Revenues

c. Assets

d. Notes Receivable

e. Accounts Payable