Question
A Company agrees to construct a building for $9,000,000, it will take 3 years to complete, and the Expected total costs are $6,000,000 Cost incurred
A Company agrees to construct a building for $9,000,000, it will take 3 years to complete, and the Expected total costs are $6,000,000
Cost incurred in the year 1= 4,000,000 In year 2= 2,000,000
Expected costs to complete in year 1=4,000,000 In year 2=1,000,000
What is the gross profit or loss under PCM?
What is the gross profit or loss under CCM?
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PCM Percentage of Completion Method and CCM Completed Contract Method are two accounting methods for ...
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
