In the blank to the left of each question, fill in the letter from the following list which best describes the presentation of the item on the financial statements of Helton Corporation for 2019.

a. Change in estimate

b. Prior period adjustment (not due to change in principle)

c. Retrospective type accounting change with note disclosure

d. None of the above

____ 1. In 2019, the company changed its method of recognizing income from the cost-recovery method to the percentage-of-completion method.

____ 2. At the end of 2019, an audit revealed that the corporation's allowance for doubtful accounts was too large and should be reduced to 2%. When the audit was made in 2018, the allowance seemed appropriate.

____ 3. Depreciation on a truck, acquired in 2016, was understated because the useful life had been overestimated. The understatement had been made in order to show higher net income in 2017 and 2018.

____ 4. The company switched from an average-cost to a FIFO inventory valuation method during the current year.

____ 5. In the current year, the company decides to change from expensing certain costs to capitalizing these costs, due to a change in the period benefited.

____ 6. During 2019, a long-term bond with a carrying value of $3,600,000 was retired at a cost of $4,100,000.

____ 7. After negotiations with the taxing authority, income taxes for 2017 were established at $42,900. They were originally estimated to be $28,600.

____ 8. In 2019, the company incurred interest expense of $29,000 on a 20-year bond issue.

____ 9. In computing the depreciation in 2017 for equipment, an error was made which overstated income in that year $75,000. The error was discovered in 2019.

____ 10. In 2019, the company changed its method of depreciating plant assets from the double-declining balance method to the straight-line method.