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Re: nutsaboutgolf2001 post# 40080

Friday, 04/07/2006 1:54:08 PM

Friday, April 07, 2006 1:54:08 PM

Post# of 173815
GV accounting...I wasn't clear, but as others have commented, revs, construction costs, and profits are all reported on the income statement based on the % completed. The interim losses that I referred to would not be from ongoing construction costs which are only charged as revs are recognized, but due to overhead and SGA expenses which I believe would still be expensed over the course of construction.

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