The Stibbe Construction Company switched from the completed contract method to the percentage-of-completion method of accounting for its long-term construction contracts. This is an example of:
A) A change in accounting principle.
B) A change in accounting estimate.
C) An unusual item.
D) A discontinued operation.
+5
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The Stibbe Construction Company switched from the completed contract method to the percentage-of-completion method of accounting for its ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » The Stibbe Construction Company switched from the completed contract method to the percentage-of-completion method of accounting for its long-term construction contracts. This is an example of: A) A change in accounting principle.