The Quick Tab Co. is considering a number of events that may have an effect on the accounting treatments they use. For each of the events in the table below, double-click in the associated shaded cells and select from the lists provided the appropriate description and accounting treatment. Assume that all events are material in amount. A selection may be used once, more than once, or not at all.

Change in long-term construction contract from the completed-contract method to the percentage -of-completion method. Give the appropriate description

Select one:

a. Change in long-term construction contract from the completed-contract method to the percentage -of-completion method. Give the appropriate description

b. Change in accounting principle

c. Correction of error

d. Neither a change nor an error correction