A new construction company owner comes to you for advice on how to account for the first long-term construction project his company has been awarded.He is under the impression that he can use either the completed-contract or the percentage-of-completion methods in all circumstances.
Required:
Explain to your client when each method is required.

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The Answer of A new construction company owner comes to you for advice on how to account for the first long-term construction project his company has been awarded.He is under the impression that he can use either the completed-contract or the percentage-of-completion methods in all circumstances.
Required:
Explain to your client when each method is required.

A New Construction Company Owner Comes to You for Advice