DOC Accounting for Construction Contracts Construction Tax Tips Anna Achieng
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,[…]