A change in accounting estimate effected by a change in accounting principle should be reported as
A)a change in accounting principle
B)a change in accounting estimate and a change in accounting principle
C)a change in accounting estimate
D)neither a change in accounting estimate nor a change in accounting principle

Question

Quizplus · Accepted Answer

A change in accounting estimate effected by a change in accounting principle is reported as a change in accounting estimate, as it reflects a revision of an estimate due to new information or developments.

A Change in Accounting Estimate Effected by a Change in Accounting