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Post# of 79921
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greenmonster

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greenmonster

Re: valueseeker666 post# 41088

Friday, 06/15/2007 8:34:36 PM

Friday, June 15, 2007 8:34:36 PM

Post# of 79921
Heh valueseeker666 can you share with us the accounting
method that PBLS may have used last year.
I am sure they are in the category of contractors so they would either use the "Completed Contract" method or the "Cost to complete" method that would require a "WIP" (Work in progress) sheet.
Can you also explain that this is why they may have shown less revenue and profit for the year based on the accounting method used.

TIA

Jockee
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