A Change in Accounting Policy Should

question 14

Multiple Choice

A change in accounting policy should

• A)be based on changes in the underlying economics of business transactions.
• B)not be based on management's best discretion.
• C)be based on improving the comparability of financial reporting.
• D)not be based on changes to accounting standards.

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Definitions:

Medical Assistant

A healthcare professional who supports doctors and nurses by performing administrative and clinical tasks.

Radiology

A medical discipline that uses imaging technologies such as X-rays, CT scans, MRI, and ultrasound to diagnose and sometimes treat diseases.

Radioactive Substances

Materials that emit radiation, which is energy in the form of particles or waves, as a result of the decay of atomic nuclei.

X-rays

A form of electromagnetic radiation that can pass through most objects, including the body, used mainly for diagnostic imaging in medicine.