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Old 08-11-2005, 11:34 PM
Arlie_Proctor Arlie_Proctor is offline
Join Date: Dec 2001
Location: N.J.
College: Indiana University
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Posts: 1,199

You will want to review FAS 60 and its successor FAS 116 in preparing your presentation. LPT's can take many forms, according to the provisions of the contract (i.e. some are discounted and some are not). The accounting treatment afforded the LPT depends on its structure.
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