Which of the Following Should Be Reported as a Change

question 63

Multiple Choice

Which of the following should be reported as a change in accounting estimate?

• A) Change in the reported beginning inventory amount due to a discovery of a bookkeeping error
• B) Change from the completed-contract method to the percentage-of- completion method for revenue recognition on long-term construction contracts
• C) Increase in the rate applied to net credit sales from 1 percent to 1-1/2 percent in determining losses from uncollectible receivables
• D) Change made to comply with a new FASB pronouncement

---

Definitions:

Z-score

A numerical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

Secretory Phase

A phase in the menstrual cycle where the endometrium thickens and prepares for possible implantation of an embryo.

Uterine Glands

Glands located in the endometrium of the uterus, which secrete substances essential for the sustenance of a pregnancy.

Female Reproductive Cycle

A monthly cycle that prepares the female body for pregnancy, characterized by phases including menstruation, the follicular phase, ovulation, and the luteal phase.