Which of the Following Is an Example of a Material

question 63

Multiple Choice

Which of the following is an example of a material accounting change that requires recognition in an unqualified 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.