At the Time Fisher Corporation Became a Subsidiary of Ashbury

question 50

Multiple Choice

At the time Fisher Corporation became a subsidiary of Ashbury Corporation, Fisher switched depreciation of its plant assets from the straight-line method to the sum-of-the-years'-digits method used by Ashbury. With respect to Fisher, this change was a

• A) change in an accounting estimate.
• B) correction of an error.
• C) change in accounting principle.
• D) change in the reporting entity.

---

Definitions:

Narcotics

Drugs that induce sleep or numbness and have the potential for addiction or abuse, often used for pain relief.

Not Planned

A situation or event that occurs without prior intention or arrangement.

Contrived

Something artificially created rather than arising naturally or spontaneously.

Advance

Progress or development towards a more complete or improved state; also refers to the act of moving forward.