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10 pts D Question 28 Following are a series of situations. For each situation, indicate the type of change. The same type may be used
10 pts D Question 28 Following are a series of situations. For each situation, indicate the type of change. The same type may be used once, more than once, or not at all. Change from presenting nonconsolidated to consolidated financial statements. Cho Change due to initially charging a new[Choose] asset directly to an expense account. Change from expensing to caaizing IChoose certain costs, due to a change in periods benefited. Change from FIFO to LIFO inventoryChoose procedures Change in amortization period for an intangible asset I Choose ] Change in residual value of a depreciable plant asset. Choose 1 Change due to failure to recognize a prepaid asset. I Choose ] Change from straight-line to sum-of-the- years'-digits method of depreciation. [Choose ] Change from one acceptable principle to another acceptable principle Choose ] Change due to understatement of inventory I Choose ]
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