The look-back interest adjustment involves the
A) calculation of interest on an installment sale.
B) calculation of gross profit on an installment sale collection.
C) calculation of additional tax due if actual cost rather than estimated cost had been used on the percentage of completion method.
D) calculation of interest on additional tax that would have been due if actual cost rather than estimated cost had been used on the percentage of completion method.
D) calculation of interest on additional tax that would have been due if actual cost rather than estimated cost had been used on the percentage of completion method.
When a contract is completed that has been accounted for under the percentage of completion method or the modified percentage of completion method, a computation is made to determine whether the tax paid each year during the contract is more or less than the tax that would have been paid if the actual total cost of the contract had been used rather than the estimated cost.
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Indicate whether the statement is true or false
What is the operations and supply chain function responsible for in each of the product development phases?
What will be an ideal response?
Which of the following clauses are associated with major medical coverage?
A) Subrogation B) Mortgagee C) Replacement cost D) Deductible
When a single device controls a LAN, it is known as
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