Question：The following statements describe the approach required in IAS 11 to the calculation of the statement of financial position value of long-term construction contract balances (amounts due from customers).
　　Which statement is correct?
　　A. Cost to date plus recognised profits less recognised losses, less progress billings.
　　B. Cost to date less transfer to income statement for completed work less payments received from customers.
　　C. Cost to date plus transfer to income statement for completed work less losses less excess progress payments.
　　D. Cost to date less transfer to income statement for completed work less losses plus excess progress payments.
　　The correct answer is:Cost to date plus recognised profits less recognised losses, less progress billings.
　　解析：The amounts shown in the statement of financial position as amounts due from customers is comprised of total costs incurred to date on the contract, plus any profits recognised (or minus losses recognised) minus amounts billed to customers.