Contractors who front-load a project are receiving payment early in the job for work they have not yet completed and are_____________. To adjust for these situations and get an accurate picture of a company’s finances, the financial statements must take into account over- and _____
a. Over budget, Overbilled
b. Underbilled, Under budget
c. Overbilled, Underbilled
d. Underbilled, Overbilled