When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as: a. Change in accounting estimate with appropriate disclosure b. Change in accounting policy c. Correction of error d. Change in accounting estimate with no appropriate disclosure
When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as: a. Change in accounting estimate with appropriate disclosure b. Change in accounting policy c. Correction of error d. Change in accounting estimate with no appropriate disclosure
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as:
a. Change in accounting estimate with appropriate disclosure
b. Change in accounting policy
c. Correction of error
d. Change in accounting estimate with no appropriate disclosure
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