custom papers on montana company (1 essays)

Week 5 Intermediate Accounting

840 words/4 pages

Larson , 1995 p . 9 . This method is now disallowed by the United States Generally Accepted Accounting Principles . Percentage of Completion Method . The percentage of completion method recognizes a percent of the profits for the years prior to the completion year . In the above example , the percentage of completion method , the computation for the 2006 income will give us the following computation : To date Recognized 2005 Recognized 2006 40 ,000 x ``A 24 ,000 10 ,000 14 ,000 18 ,000 12...