Content What is the Right Construction Accounting Methods? Completed Contract Method (CCM) Controlling costs with construction accounting Company Alternative Minimum Tax Turner, Inc. began work on a $7,000,000 contract in 2017 to construct an office building. During 2017, Turner, Inc. incurred costs of $1,700,000, billed its customers for $1,200,000, and collected $960,000. At December 31,[…]