Question: Clay Company uses the completed contract method on a contract that requires 1 4 months to complete. The contract is for $ 7 5 0
Clay Company uses the completed contract method on a contract that requires months to complete. The contract is for $ and has estimated costs of $ At the end of $ of the costs had been incurred. The contract is completed on schedule; however, total costs equal $
Required:
What is the amount of AMT adjustments for and
Negative amounts should be indicated by a minus sign. Round completion ratio to decimal places and round your final answers to nearest whole dollar.
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