GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
18:49 Apr 20, 2005 |
Chinese to English translations [PRO] Bus/Financial - Accounting | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Edward LIU Canada Local time: 13:59 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 | the completed-contract method |
| ||
3 | "cash accounting method" |
|
~{H+2?Mj9$7(~} "cash accounting method" Explanation: monies received for a job are held in deposit, only realized for accounting purpose when job is complete and billed. As opposed to "accrual accounting method". |
| |
Login to enter a peer comment (or grade) |
全部完工法 the completed-contract method Explanation: the completed-contract method -------------------------------------------------- Note added at 5 hrs 48 mins (2005-04-21 00:37:21 GMT) -------------------------------------------------- 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 -------------------------------------------------- Note added at 1 day 20 hrs 3 mins (2005-04-22 14:52:13 GMT) -------------------------------------------------- completed contract method 全部完工法 www.yilook.com/tech04\220.htm |
| |
Grading comment
| ||
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.