A Company Changes from an Accounting Principle That Is Not

question 68

Multiple Choice

A company changes from an accounting principle that is not generally accepted to one that is generally accepted.The effect of the change should be reported as a

• A) change in accounting principle.
• B) change in accounting estimate
• C) correction of an error.
• D) change of accounting estimate effected by a change in accounting principle.

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Definitions:

Graded Potential

A local change in electrical potential that varies in magnitude depending on the strength of the applied stimulus

Plasma Membrane

Acting as a regulatory boundary, the plasma membrane delineates the cell's internal environment from the external world, overseeing the transport of substances into and out of the cell.

Interneurons

Neurons that transmit signals between sensory and motor neurons, playing critical roles in reflexes and neuronal circuits.

Central Nervous System

Part of the nervous system consisting of the brain and spinal cord, responsible for processing information and coordinating activity throughout the body.