A Company Can Change from One Acceptable Accounting Principle to Another

question 125

True/False

A company can change from one acceptable accounting principle to another as long as the change improves the usefulness of information in its financial statements.

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Definitions:

Sales Representative

A professional responsible for selling products or services on behalf of a company, often directly interacting with customers to reach sales targets.

Selling Time

A concept in sales and marketing referring to the optimal moments or periods to pitch or sell products and services to consumers.

Outside Order Getters

Salespeople who work primarily outside the office, seeking new clients and managing sales in the field.

Financial Investment

The act of allocating money or capital to an endeavor with the expectation of receiving additional income or profit.