Why review the account construction work in progress

Reference no: EM131290450

1. For regulated utilities, why review the account Construction Work in Progress?

2. For regulated utilities, describe the income statement accounts, allowance for equity funds used during construction, and allowance for borrowed funds used during construction.

3. Differentiate between successful-efforts and fullcosting accounting as applied to the oil and gas industry.

Reference no: EM131290450

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