A correction of an error is not generally considered a change in accounting method. True Fales

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A correction of an error is not generally considered a change in accounting method.

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2- Treatment of an item that has the effect of changing its character from ordinary income to capital gain without a change in the timing of recognition is not considered a change in method of accounting.

True

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Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Feb 10, 2024 04:03 AM

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A correction of an error is not generally considered a change in accounting method. True Fales

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Intermediate accounting

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