Which of the following would be accounted for as a change in accounting principle? a. Adopting a
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following would be accounted for as a change in accounting principle?
a. | Adopting a new accounting standard | |
b. | Changing the useful life of a piece of equipment from 8 years to 20 years | |
c. | First-time presentation of consolidated financial statements | |
d. | Changing an estimate for the allowance for doubtful accounts |
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date: