Which of the following is accounted for as a change in accounting policy?
A)A change in the estimated useful life of plant assets.
B)A change from the cash basis of accounting to the accrual basis of accounting.
C)A change from expensing immaterial expenditures to deferring and amortizing them as they become material.
D)A change in inventory valuation from average cost to FIFO.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is accounted for as a change in accounting policy?
A)A change in the estimated useful life of plant assets.
B)A change from the cash basis of accounting to the accrual basis of accounting.
C)A change from expensing immaterial expenditures to deferring and amortizing them as they become material.
D)A change in inventory valuation from average cost to FIFO.

Which of the Following Is Accounted for as a Change