Parsons Inc. wishes to change from the cost-recovery to the percentage-of-completion method for financial reporting purposes. The

Question:

Parsons Inc. wishes to change from the cost-recovery 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 prefer ability?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0470616314

IFRS edition volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

Question Posted: