A Change in Accounting Estimate Effected by a Change in Accounting

question 41

Multiple Choice

A change in accounting estimate effected by a change in accounting principle should be reported as

• A)a change in accounting principle
• B)a change in accounting estimate and a change in accounting principle
• C)a change in accounting estimate
• D)neither a change in accounting estimate nor a change in accounting principle

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Definitions:

Resource Mobilization

Resource mobilization refers to the process by which social movements crystallize due to the increasing organizational, material, and other resources of movement members.

Governments

Organizational entities responsible for overseeing the functioning and governance of a nation, state, or community.

Nonroutine Action

Actions that are not typical or customary, often requiring unique or creative approaches to solve problems or address situations.

Values and Norms

Sets of shared beliefs and guidelines in a society that dictate what is considered acceptable and unacceptable behavior.