the cumulative effect of a change in accounting principle should be recorded as an adjustment to retained earnings, when the change is: cash basis of accounting for vacation pay to the accrual basis. straight-line method of depreciation for previously recorded assets to the double-declining-balance method. longer useful life of equipment to shorter useful life. completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method.

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10-12-2022
Business

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the cumulative effect of a change in accounting principle should be recorded as an adjustment to retained earnings, when the change is: cash basis of accounting for vacation pay to the accrual basis. straight-line method of depreciation for previously recorded assets to the double-declining-balance method. longer useful life of equipment to shorter useful life. completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method.

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rafikiedu03 rafikiedu03 · Answer 1 · 2022-12-18T14:31:17+01:00

Completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method.

Production is a well-known time period which means the artwork and technology to shape objects, systems, or businesses,[1] and springs from Latin constructio (from com- "together" and struere "to pile up") and old French production.[2] To construct is the verb: the act of constructing, and the noun is production: how some thing is constructed, the character of its shape. In its maximum widely used context, creation covers the procedures concerned in turning in homes, infrastructure, commercial centers and related activities thru to the give up in their lifestyles. how some thing is constructed, the character of its shape. In its maximum widely used context, creation covers the procedures concerned in turning in homes, infrastructure, commercial centers and related activities thru to the give up in their lifestyles.

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