Under the percentage-of-completion method, how should the balances of billings on construction in process and construction in process be reported prior to the completion of a long-term contract?

Given Information:

>Net, as income from construction if credit balance, and loss from construction if debit balance.

>Net, as a current asset if a debit balance, and as a current liability if a credit balance.

>Progress billings as deferred income, construction in progress as a deferred expense.

>Progress billings as income, construction in process as inventory.

Net, as a current asset if a debit balance, and as a current liability if a credit balance.

Explanation:

In net the balance sheets of accruals and investment should be shown as current assets when a debit balance is established and as a current liability when a credit balance is established.

Net is typically the sum of positive and negative sums when it comes to accounting. For example, the net sales amount is the combination of a positive turnover and some negative amounts, including sales returns, sales allowances and discounts.

The accrued investment income is called a capital asset as the sum is generally expected to be published in its balance sheet within one year.

im thinking a but im not 100% sure

explanation:

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'