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Posted on Jun 17, 2024

Would you please let me know which is the correct answer? A developer with gross receipts greater than $25 million primarily involved in long-term construction

Would you please let me know which is the correct answer?

A developer with gross receipts greater than $25 million primarily involved in long-term construction may in whole or in part use any one of the following accounting methods, except:

Accrual method

Percentage of completion method

Completed contract method

Modified percentage of completion method

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