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What is the treatment under percentage of completion method if the cost to date is greater than the estimated cost?
First you will have to reestimate the new total cost of the project. Divide the cost to date by the new, restimated total cost. Multiply the ratio just computed by the contract price to get the new revenue recognition (inception to date). Subtract the previous period inception to date revenue from the the revenue you just calculated. The remainder is the current period revenue recognition. If the number is negative ad material, there may be some accounting treatments (restatements of prior periods) and possibly some tax look back treatments.
What else can I help you with?
Will your estimated value be greater than or less than the actual answer?
I assume that with "estimated" you mean that you round a number. Rounding can be done in several ways; but it is usually done in such a way that the rounded answer can be greater or smaller than the original number - depending on the specific number.
Is three fourths greater least or equal to two thirds?
If you convert 3/4 to a percentage it would be 75%. Converting 2/3 to a percentage results in 66.67% ... 75% is greater than 66.7% therefore: 3/4 is greater than 2/3.
What percentage of motercyclists killed in fatal crashees had bacs of 0.08 or greater?
30%
How you solve percentage greater then 100 percent?
Same as percentages less than 100. Percentages greater than 100 will reult in a number that is greater than the original, that's all.
What does it mean to have a high percentage error?
It means that, relative to the true value of whatever you are trying to measure, the estimated (or calculated) value is quite a long way off.If the real value of something is 5 but is measure as 7 the absolute error is 7 - 5 = 2, but the percentage error is 100*2/5 = 40%If the true value is 100 and it is measured as 103, the absolute error is 103 - 100 = 3 which is greater than before. But the percentage error is only 100*3/100 = 3%.
What does it mean for a percent to be greater than 100 percent?
It means that the number that the percentage represents is greater than 1.It means that the number that the percentage represents is greater than 1.It means that the number that the percentage represents is greater than 1.It means that the number that the percentage represents is greater than 1.
Which percentage is greater 98.3 or 219.3?
219.3% is greater than 98.3%
Is a decimal or percentage greater?
The decimal and its equivalent percentage have the same value!
What percentage is 12 greater than 10?
It is 20% greater than 10
Does the EU have a greater population than the US?
Europe currently has an estimated population of 731,000,000 while the United States has an estimated 307,000,000. The answer is Yes.
What percentage of the total population in Australia is Italian?
It is estimated that 1.6% of Australians speak Italian regularly, but this does not take into account the number of people with Italian ancestry. A greater breakdown of Italians in each state can be found at the related link below.
What is the estimateed popuiation of Manchester?
Greater Manchester had an estimated population of 2,600,100
Which percent greater than 0.6 percent?
any percentage that is greater than 3/50
What percentage is 3540 greater than 3352?
5.6086%
What is the planet Neptune's gravity?
It is estimated that the gravity on Neptune is 12% greater than Earth
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Will your estimated value be greater than or less than the actual answer?
I assume that with "estimated" you mean that you round a number. Rounding can be done in several ways; but it is usually done in such a way that the rounded answer can be greater or smaller than the original number - depending on the specific number.
