When a Company Decides to Switch from Deferring Development Costs

question 24

Multiple Choice

When a company decides to switch from deferring development costs to expensing them immediately, this change should probably be treated as a

• A) change in accounting policy.
• B) change in accounting estimate.
• C) prior period adjustment.
• D) correction of an error.

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Definitions:

Leadership

The act of guiding or influencing a group towards achieving a common goal.

Numerous

Existing in large quantities; very many.

Leadership Processes

The series of actions or steps taken by an individual or group to guide and influence others towards achieving goals.

Level

A particular stage, degree, or intensity in a hierarchy or process.