Parsons Inc. has proposed a change from the completed contract to the percentage-of-completion method for financial reporting

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Parsons Inc. has proposed a change from the completed contract to the percentage-of-completion method for financial reporting purposes. The auditor indicates that a change would be permitted only if it is to a preferable method. What difficulties develop in assessing prefer ability?

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Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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