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The following public company demonstrates accounting change that our clients often face. Error in accounting guidance application - Papa Johns: Papa Johns found some accounting

The following public company demonstrates accounting change that our clients often face.

Error in accounting guidance application - Papa Johns: Papa Johns found some accounting errors that affected several years of financial statements in 2019.

Please summarize the relevant GAAP guidance, identify the financial statements that were impacted by the accounting change, calculate the quantitative impact to the financials due to the accounting change, and assess whether you think the company applied GAAP guidance properly, and why.

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