Question: QUESTION 3 Entity A ' s assistant has also enquired about changing the way of measuring the progress of completion in long - term contracts.

QUESTION 3
Entity A's assistant has also enquired about changing the way of measuring the progress of completion in long-term contracts.
Which of the following describes how the change should be applied?
As a change in accounting estimate, applied retrospectively.
As a change in accounting estimate, applied prospectively.
None of them.
As a change in accounting policy, applied prospectively.
As a change in accounting policy, applied retrospectively.
QUESTION 3 Entity A's assistant has also enquired about changing the

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