The Effects for a Change in Accounting Principle Would Usually

question 3

Multiple Choice

The effects for a change in accounting principle would usually be reported on the face of the income statement for a change:

• A)From the straight-line method of depreciation to the declining-balance method.
• B)In the service lives of depreciable assets.
• C)From presenting statements for errors which effect only one of the financial statements.
• D)In the residual value of a depreciable asset.
• E)None of these choices are correct.

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