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The Pink Diamonds Company installs fire alarm systems for large manufacturing enterprises and golf courses....

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Accounting

The Pink Diamonds Company installs fire alarm systems for large manufacturing enterprises and golf courses. Due to the design of their systems, some projects frequently extend over a twoyear period. Pink Diamonds uses the percentage-of-completion method for financial accounting purposes and the completed-contract method for tax purposes. The following information relates to projects started but not completed as of December 31,2017:
\table[[Customer,Contract Amount,for Accounting Purposes],[The Mountain Golf Course,$150,000,$
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