Where a Change in Accounting Estimates Occurs,the Following Should Be

question 11

Multiple Choice

Where a change in accounting estimates occurs,the following should be disclosed:

• A) the fact that the amount of the effect on future periods will not be disclosed because estimating that amount is impracticable.
• B) the reason for the change and comparative data to show the effect with and without the change.
• C) the nature of the change and the impact on previous income statements.
• D) the fact that the amount of the effect on future periods will not be disclosed because estimating that amount is impracticable and the reason for the change and comparative data to show the impact with and without the change.

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Definitions:

Odds Ratio

A statistical measure used in epidemiology to estimate the strength of the association between an exposure and an outcome.

Case-Control Study

An observational study design used in epidemiology, where individuals with a given outcome (cases) are compared to individuals without the outcome (controls) to identify risk factors.

Obesity Status

A condition defined by an excess of body fat that may negatively impact health.

Matched Case-Control

A study design where each case (individual with the outcome of interest) is paired with one or more controls (individuals without the outcome) who share similar characteristics, improving comparison.