Was the change that Paragon made in applying the percentage- of- completion accounting method a change in

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Was the change that Paragon made in applying the percentage- of- completion accounting method a “change in accounting principle” or a “change in accounting estimate”? Briefly describe the accounting and financial reporting treatment that must be applied to each type of change.

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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