The Look-Back Interest Adjustment Involves the

Multiple Choice

The look-back interest adjustment involves the

A) calculation of interest on an installment sale.
B) calculation of gross profit on an installment sale collection.
C) calculation of additional tax due if actual cost rather than estimated cost had been used on the percentage of completion method.
D) calculation of interest on additional tax that would have been due if actual cost rather than estimated cost had been used on the percentage of completion method.