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.
FIDDLY is requiring close attention to detail, i.e. to be fussy (primarily used in Great Britain).
Q as the fifth letter of a Nasdaq stock symbol indicates that the company is in bankruptcy proceedings.
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