Which of the Following Is an Example of a Change

question 135

Multiple Choice

Which of the following is an example of a change in accounting policy?

• A)Changing from weighted average to the first-in, first-out method of inventory valuation.
• B)Capitalizing a delivery truck that had previously been expensed.
• C)Using 5% for the allowance for bad debts because of the increased possibility of bankruptcy by customers.
• D)Using 4% for the allowance for bad debts, instead of 2% as stated in the company's procedures manual.

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