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    #1

    Percentage of Completion

    What size is the threshold for a contractor to be before it is mandatory for percentage of completion method of revenue recognition?
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    #2
    https://corrigankrause.com/construct...e-section-460/

    https://www.law.cornell.edu/uscode/text/26/460


    A 2023 article: https://macpas.com/small-contractor-exemption/
    Last edited by Lion; 04-06-2023, 11:47 PM.

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      #3
      Thank you Lion, as usual. Apparently the article emphasizes the length of the construction contracts is more a factor than the size of the contractor. From what I've read in the article, the percentage would still apply because he's rarely been able to complete jobs under 12 months.

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