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Which of the Following Is an Example of a Material

Question 34

Multiple Choice

Which of the following is an example of a material accounting change that requires recognition in an unmodified opinion on the entity's financial statements?


A) A change in the estimate of useful lives used to depreciate property, plant, and equipment.
B) A change in the entity's form of reporting entity.
C) Management has changed from one generally accepted accounting principle to another but has not provided reasonable justification.
D) A change from an accounting principle that conforms with GAAP to one that does not.

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