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Why is construction-in-progress increased by the annual recognized profit on long-term construction contracts? Select one: a. Because the contract price has increased. b. Because the
Why is construction-in-progress increased by the annual recognized profit on long-term construction contracts?
Select one:
a. Because the contract price has increased.
b. Because the project's value is increased above cost.
c. Because the cost of the project is reduced.
d. Because work has been done.
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