A Change in Accounting Principle Occurs When a Company Adopts

question 47

True/False

A change in accounting principle occurs when a company adopts a principle different from an approved principle previously used.

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Definitions:

Copyright Infringement

The unauthorized use of copyrighted material without permission, violating the copyright holder's rights.

Manufacturer

A person or company that makes goods for sale, particularly in large quantities.

Trademark Infringement

Involves the unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services.

Registered Trademark

A symbol, word, or words legally registered or established by use as representing a company or product.