Question: Hampton's Construction, Inc. decided to change from completed-contract method of accounting to percentage-of-completion method. The following information is available for net income. Ignore income tax

Hampton's Construction, Inc. decided to change from completed-contract method of accounting to percentage-of-completion method. The following information is available for net income. Ignore income tax effects: What is the journal entry to record the change in accounting principle on January 1, 2016

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