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Chinese to English translations [PRO]
Bus/Financial - Accounting | | Chinese term or phrase: 全部完工法 | Used in accounting for real estate construction revenue.
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| chenarthKudoZ activityQuestions: 53 ( 4 open) ( 2 without valid answers) ( 2 closed without grading) Answers: 61
| Local time: 07:15
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| | the completed-contract method | Explanation:
the completed-contract method
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Note added at 5 hrs 48 mins (2005-04-21 00:37:21 GMT)
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Section 1.451-3(a)(1) of the Income Tax Regulations provides that income from a long-term contract may be included in gross income in accordance with one of the two long-term contract methods, namely, the percentage of completion method or the completed contract method, or any other method if the method chosen clearly reflects income.
http://www.taxlinks.com/rulings/1982/revrul82-134.htm
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Note added at 1 day 20 hrs 3 mins (2005-04-22 14:52:13 GMT)
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completed contract method 全部完工法
www.yilook.com/tech04\220.htm |
| Selected response from:
Edward LIU
Local time: 07:15
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The translation workplace 
