The Construction in Progress account is what type of account?
A) liability
B) revenue
C) asset
D) expense

Name: The Construction in Progress account is what type of account? A) liability B) revenue C) asset D) expense
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Question

Quizplus · Accepted Answer

The Construction in Progress account is an asset account because it represents costs incurred for construction projects that are not yet completed and will be capitalized as part of a fixed asset once the project is finished.

The Construction in Progress Account Is What Type of Account