Which of the following is an example of a material accounting change that requires recognition and an
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Question:
Which of the following is an example of a material accounting change that requires recognition and an unmodified opinion on the entities financial statements?
a. a change in the estimate of useful lives used to depreciate property plant and equipment
b. a change in the entities form of reporting entity
c. management has changed from one generally accepted accounting principles to another but has not provided reasonable justification
d. a change from an accounting principle that conforms with GAAP to one that does not
Related Book For
Ethics Theory and Contemporary Issues
ISBN: 978-1285196756
8th edition
Authors: Barbara MacKinnon, Andrew Fiala
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