ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COST IN EXCESS OF BILLINGS Definition
COST IN EXCESS OF BILLINGS, in percentage of completion method, is when the billings on uncompleted contracts are less than the income earned to date. These under-billings result in increased assets. Conversely, where billings are greater than the income earned on uncompleted contracts, a liability, billings in excess of costs, results.
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H as the fifth letter of a Nasdaq stock symbol indicates that the issue is the second preferred bond of the company.
TRUE VALUE is the amount that a buyer is finally willing to pay.