When a Change in Accounting Principle Is Reported, What Is

question 44

Multiple Choice

When a change in accounting principle is reported, what is sometimes sacrificed?

• A)Relevance.
• B)Consistency.
• C)Conservatism.
• D)Reliability.

---

Definitions:

Rituals

Prescribed sequences of activities or ceremonies, often with symbolic meanings, that are practiced by a community or religious group.

Language

A system of communication using symbols, sounds, or gestures that are used by members of a community to interact and convey ideas.

Social Facts

Aspects of social life that influence an individual's actions and attitudes, according to Emile Durkheim, including laws, morals, beliefs, and customs.

Empirical Observations

Information acquired by observation or experimentation that is grounded in the physical or material reality.