Changes in Accounting Estimates Are Not Allowed Under the Consistency

question 182

True/False

Changes in accounting estimates are not allowed under the consistency principle.

---

Definitions:

Multiple Correlation

A statistical measure that describes the extent of association between more than two variables.

Researchers

Individuals who conduct detailed investigations in order to discover new information or reach new understandings.

Significant Results

Results obtained from statistical analysis that are unlikely to have occurred due to chance alone, indicating a meaningful difference or relationship.

Relationship Between Variables

The association or correlation existing between two or more variables in research, indicating how one variable changes in relation to another.