FORCED LIQUIDATION VALUE is the value at which the asset or assets are sold as quickly as possible, such as at auction.
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.
KINA is a currency of Papua New Guinea.
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