Which of the Following Is an Example of a Material

question 101

Multiple Choice

Which of the following is an example of a material accounting change that requires recognition in an unmodified opinion on the entity's financial statements?

• A)A change in the estimate of useful lives used to depreciate property, plant, and equipment.
• B)A change in the entity's form of reporting entity.
• C)Management has changed from one generally accepted accounting principle to another but has not provided reasonable justification.
• D)A change from an accounting principle that conforms with GAAP to one that does not.

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Definitions:

Nutritional Status

An assessment of the adequacy of nutrition and the body’s ability to absorb and utilize nutrients.

Osteomalacia

A softening of the bones due to vitamin D deficiency or impaired metabolism, leading to increased susceptibility to fractures.

Nutritional Status

An assessment of the body's health in terms of nutrient levels, diet, and physical health indicators, used to identify potential deficiencies or imbalances.

Widow

An individual whose spouse has died and who has not remarried.