Which of the Following Changes Would Be Accounted for Using

question 156

Multiple Choice

Which of the following changes would be accounted for using the approach of a retrospective approach without restatement?

• A)Overstatement of unearned revenue of the prior period
• B)Change in the estimated life of a depreciable asset
• C)Change to FIFO with previous year's information unavailable
• D)Change from a non-GAAP accounting method to a GAAP method of accounting for bad debts
• E)Change in the method of accounting for long-term construction contracts

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