ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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INSOLVENCY occurs when a business is unable to pay debts as they fall due.
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FORM 1065 (Schedule K-1) is the domestic partnership income tax return form used in the U.S.
COST-TO-COST METHOD, in construction contracts, is an estimate of completion in which the state of completion is the ratio of costs incurred as of a given date divided by the estimated total project cost. See also PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING.