An Accounting Change That Requires the Retrospective Approach Is a Change

question 41

Multiple Choice

An accounting change that requires the retrospective approach is a change in

• A) the life of equipment from five to seven years.
• B) depreciation method from straight-line to double-declining-balance.
• C) the specific subsidiaries included in consolidated financial statements.
• D) the percentage used to determine the allowance for bad debts.

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