Which of the Following Is Not an Accounting Change

question 39

Multiple Choice

Which of the following is not an accounting change?

• A) Change in accounting principle
• B) Change in accounting estimate
• C) Change in a reporting entity
• D) Change because of an error

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Definitions:

Law

A system of rules established by a society or government to regulate behavior, with penalties for violations.

Rationalism

A philosophical viewpoint arguing that reason is the chief source of knowledge rather than sensory experience.

Natural Law

A philosophical theory that posits the existence of a law whose content is set by nature and that therefore has validity everywhere.

Ethical System

A coherent set of moral principles, values, and standards that guide individuals or groups in making decisions and conducting themselves.