A Change in Accounting Estimate Is Always Accounted for

question 64

Multiple Choice

A change in accounting estimate is always accounted for

• A)using a prior period adjustment
• B)retrospectively
• C)using the cumulative effect method
• D)prospectively

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Definitions:

Depressive Disorders

A group of disorders characterized by persistent feelings of sadness and hopelessness, often accompanied by a lack of interest in activities and various physical symptoms.

Epidemiologist

A scientist who studies the patterns, causes, and control of diseases in groups of people, aiming to reduce health risks and occurrences.

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's cognition, emotional regulation, or behavior.

Distribution

In statistics, the way in which values are spread out or distributed across a range.