(a) Aoa chanig principle that cannot be separated firom (a) As a correction of an error 14. The effect of a change in accounting change in accounting estimate should be reported: from continuing operations affects both (b) Asaseparate item of income after income in the period of change and future periods if the change By restating the financial statements of all periods presented As part ofincome from continuing operations in the and future periods if the change affects both. (d) 15. Vientiane, Inc. did not accrue warranty costs o100, s financial in it statements for fiscal year ending December 31, 20X0. In addition, the comp any changed depreciation methods from straight line to 200% declining , 20X1 for certain of its depreciable assets which earnings. Both balance on January 1 resulted in a cumulative effect of $60,000 on the company's amounts are net of income taxes. prior period adjustments in 20X1? (a) $160,000. (b) 60,000. (c) $100,000. (d) S1n 16. Which of the following is a change in accounting principle? Change from a non generally accepted accounting principle (GAAP) method to a GAAP method. Change from one GAAP method to another GAAP method. Change in the estimated life of a depreciable asset. Both (a) and (b). (a) (b) (c) (d) Which of the following types of accounting changes does not report a cumulative effect on the income statement? (a) Change from LIFO to weighted average inventory method (b) Change in depreciation method. (c) Change in method of amortizing bond discount and premium. (d) The cumulative effect of changes in accounting principle are not 17. reported on the income statement