Pam Erickson Construction Company changed from the cost-recovery to the percentage-of-completion method of accounting forlong-term construction contracts during 2026. For tax purposes, the company employs the cost-recovery method and will continuethis approach in the future. (Hint: Adjust all tax consequences through the Deferred Tax Liability account.) The appropriateinformation related to this change is as follows.Pretax Income fromPercentage-of-CompletionCost-RecoveryDifference2025780,000590,
Pam Erickson Construction Company changed from the cost-r…
Aug 22, 2023
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Erickson-Hall Construction Co. | LinkedIn
Erickson-Hall Construction Co. | LinkedIn
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