Question: E. A. Basler Inc. wishes to change from the completed contract to the percentage-of-completion method for financial reporting purposes. The auditor indicates that a change

E. A. Basler Inc. wishes to 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 preferability?

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