The general rule for differentiating between a change in an estimate and a correction of an error can be understood in which of the following ways?

• A :
• If a generally accepted accounting principle is involved, its usually a change in an estimate.
• B :
• If a generally accepted accounting principle is involved, its usually a correction of an error.
• C :
• A careful estimate that later proves to be incorrect should be considered a change in an estimate.
• D :
• It is based on the materiality of the amounts involved. Material items are handled as a correction of an error, whereas immaterial amounts are considered a change in an estimate.