When a Change in Method Is Inseparable from a Change

question 29

Multiple Choice

When a change in method is inseparable from a change in estimate, the change is accounted for

• A) prospectively.
• B) by the retrospective adjustment or restatement.
• C) by a retrospective application of a new accounting principle.
• D) by constructive application of a new accounting principle.

---

Definitions:

Sales Presentation

A formal talk or demonstration aimed at persuading an audience to purchase a product or service.

FAB

Stands for Features, Advantages, and Benefits; a sales approach focusing on presenting the features of a product, its advantages over competition, and the benefits it provides to the consumer.

Marketing Plan

A comprehensive document outlining a company's overall marketing strategy, including marketing objectives, target markets, and tactics for achieving those objectives.

FABs

Features, Advantages, and Benefits; a sales and marketing technique that highlights a product's features, explains its advantages, and outlines the benefits it offers to the potential customer.