A Company Changes from an Accounting Principle That Is Not

question 68

Multiple Choice

A company changes from an accounting principle that is not generally accepted to one that is generally accepted.The effect of the change should be reported as a

• A) change in accounting principle.
• B) change in accounting estimate
• C) correction of an error.
• D) change of accounting estimate effected by a change in accounting principle.

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Definitions:

Fears And Phobias

Intense, irrational fears of specific objects, activities, or situations that lead to avoidance behavior.

Flashbacks

The sudden and often vivid recollection of past experiences or events, typically associated with trauma.

Immediate Care

Urgent medical or psychological attention provided to address acute issues and prevent worsening of a condition.

Victim Safety

Strategies and measures taken to protect victims of crime or abuse from further harm.