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Runner237

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Runner237

Re: CHR6IS post# 17934

Monday, 09/15/2014 12:41:04 PM

Monday, September 15, 2014 12:41:04 PM

Post# of 63559
GAAP accounting allows companies to recognize revenue on a percentage of completion method whereby revenue is earned and recorded based on percentage of constructions costs completed to date to the total cost of the project. There should definitely be revenue earned for 3Q results from the Jackson Winery project. I expect that revenue to be in there for the 3Q 2014 reporting.
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