Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Aug 2017 My Price 5.00

Rust Company

32.  Rust Company is a real estate construction business  with average annual gross receipts of $3 million. Rust uses the completed contract method on a particular contract that requires 16 months to complete. The contract is for $500,000,

with estimated costs of $300,000.

At the end of 2014, $180,000 of costs had been incurred. The contract is com- pleted in 2015, with the total cost being $295,000. Determine the amount of any  AMT adjustments for 2014 and 2015.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 09:08 PM My Price 5.00

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