Which of the Following Is an Example of a Change

question 53

Multiple Choice

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

• A) A change in inventory costing methods.
• B) A change in the estimated useful life of a depreciable asset.
• C) A change in the actuarial life expectancies of employees under a pension plan.
• D) Consolidating a new subsidiary.

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Definitions:

Critical Value

The threshold in a statistical test that defines the boundary for rejecting the null hypothesis.

Calculated Value

A numerical value derived from a mathematical computation or formula.

Directional

Refers to a hypothesis or test that specifies the expected direction of the relationship or difference between variables.

Critical Value(s)

Critical values are key points used to determine the region of rejection for a null hypothesis in statistical testing, ensuring the test's validity under specific confidence levels.