Change in accounting estimate, as used in the recording and reporting of financial data, does not include a. Change from capitalizing to expensing research and development costs because of the accepted uncertainty of future benefits. b. Change in the estimated useful life of the asset subject to depreciation. c. Change in the number of companies included in the combined financial statements. d. Change in the estimated rate of doubtful accounts
Change in accounting estimate, as used in the recording and reporting of financial data, does not include a. Change from capitalizing to expensing research and development costs because of the accepted uncertainty of future benefits. b. Change in the estimated useful life of the asset subject to depreciation. c. Change in the number of companies included in the combined financial statements. d. Change in the estimated rate of doubtful accounts
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter6: Accounting Quality
Section: Chapter Questions
Problem 12QE: Financial accounting rules require firms to assess whether they will recover carrying amounts of...
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Change in accounting estimate, as used in the recording and reporting of financial data, does not include
a. Change from capitalizing to expensing research and development costs because of the accepted uncertainty of future benefits.
b. Change in the estimated useful life of the asset subject to depreciation.
c. Change in the number of companies included in the combined financial statements.
d. Change in the estimated rate of doubtful accounts
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