Which Type of Accounting Change May Be Accounted for in Current

question 37

Multiple Choice

Which type of accounting change may be accounted for in current and future periods only?

• A) change in accounting estimate
• B) change in inventory costing method
• C) change in accounting policy
• D) correction of an error

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Definitions:

Midwife

A healthcare professional specialized in assisting women during pregnancy, childbirth, and postpartum period.

Labor And Delivery

The process in which a baby is born, starting from the onset of contractions to the delivery of the baby and the placenta.

Mother

A female parent or guardian who may provide care, nurture, and socialization for her children, playing a critical role in their development and well-being.

Cesarean Delivery

A birth in which the baby is surgically removed from the uterus, rather than traveling through the birth canal (sometimes known as a c-section).