Which of the Following Is Not an Example of an Error

question 18

Multiple Choice

Which of the following is not an example of an error?

• A) A change from an accounting practice that is not generally acceptable to a practice that is generally acceptable.
• B) Mathematical mistakes.
• C) A change from LIFO to FIFO inventory costing
• D) The incorrect classification of costs and expense

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Definitions:

Collective Mark

A trademark or service mark used by members of a collective group to identify the services or goods they provide with a certain level of quality or accuracy.

Certification Mark

A symbol, word, or phrase legally registered or established by use as representing a company or product's certification of quality, accuracy, or origin.

Service Mark

A symbol, word, or phrase legally registered or established by use as representing a company or product in the service sector.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols.