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
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
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
