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    Intermediate Accounting Reporting and Analysis
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    Exam 17: Advanced Issues in Revenue Recognition
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    The Operating-Cycle Concept Is Used to Justify That the Net
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The Operating-Cycle Concept Is Used to Justify That the Net

Question 74

Question 74

True/False

The operating-cycle concept is used to justify that the net amounts of Construction in Progress and Partial Billings be included as current assets or current liabilities.

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