In 2011 Roswell Company Changed from Straight-Line to Double Declining-Balance

question 21

Multiple Choice

In 2011 Roswell Company changed from straight-line to double declining-balance amortization.The total difference in amortization for all years through 2010 was $52,000 and for 2011 the difference was $5,000.The tax rate is 30 percent.The amount that should be reported in the statement of retained earnings for 2011 as a change in accounting principle is

• A)$36,400 debit.
• B)$36,400 credit.
• C)$39,900 debit.
• D)$39,900 credit.

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Definitions:

Art Criticism

The analysis and evaluation of art works, discussing their meanings, merits, and contexts, often according to aesthetic principles.

Naturalism

An artistic and literary movement aiming to recreate a realistic depiction of reality, focusing on everyday life and nature with meticulous attention to detail.

Jean-Baptiste-Siméon Chardin

A renowned 18th-century French painter known for his still-life artworks and domestic scenes, emphasizing realism and texture.

History Paintings

History paintings are artworks depicting scenes of historical, mythological, or biblical narratives, valuing them as the highest form of art in many artistic traditions.