Question: What type of accounting changes, including error correction, is: A change in amortization period for an intangible asset. Change in accounting principle. Change in accounting

What type of accounting changes, including error correction, is:
A change in amortization period for an intangible asset.
Change in accounting principle.
Change in accounting estimate.
Change in reporting entity.
Error correction.
What type of accounting changes, including error

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

What type of accounting changes, including error correction, is: A change from an unacceptable to an acceptable accounting principle. Error correction. Change in accounting principle. Change in...

Q:

What type of accounting changes, including error correction, is: A change from presenting nonconsolidated to consolidated financial statements. Change in accounting principle. Error correction....

Q:

What type of accounting changes, including error correction, is: A change from straight - line to sum - of - the - years' - digits method of depreciation. Error correction. Change in accounting...

Q:

What type of accounting changes, including error correction, is: A change due to understatement of inventory. Change in reporting entity. Change in accounting estimate. Change in accounting...

Q:

1. On December 31, 2013, Gifts Galore, Inc. appropriately changed its inventory valuation method from weighted-average cost to FIFO method for financial statement and income tax purposes. The change...

Q:

The four types of accounting changes, including error correction, are: Code Change in accounting principle. Change in accounting estimate. Change in reporting entity. Error correction. Instructions...

Q:

What type of accounting changes, including error correction, is: A change in amortization period for an intangible asset. Error correction. Change in accounting principle. Change in accounting...

Q:

What type of accounting changes, including error correction, is: A change from an unacceptable to an acceptable accounting principle. Error correction. Change in reporting entity. Change in...

Q:

What type of accounting changes, including error correction, is: Change from FIFO to LIFO inventory procedures. Error correction. Change in accounting principle. Change in accounting estimate. Change...

Q:

What type of accounting changes, including error correction, is: Change due to failure to recognize an accrued ( uncollected ) revenue. Change in reporting entity. Change in accounting estimate....

Q:

Based upon the T accounts in Exercise 48, prepare the nine journal entries from which the postings were made.

Q:

Many businesses use management science in a variety of ways, write a summary of what you have learned using vocabulary from the chapters and examples from yours.

Q:

Which of the following is true of the "netting" process in the swap market? 1 ) It decreases or mitigates the credit risk on swaps. 2 ) Both parties make payments to each other as a consequence. 3 )...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....