When it is difficult to distinguish a change in accounting policy from a change in an accounting estimate, the change is treated as A. Change in accounting estimate with appropriate disclosure B. Change in accounting policy C. Correction of an error D. Initial adoption of an accounting policy

When it is difficult to distinguish a change in accounting policy from a change in an accounting estimate, the change is treated as A. Change in accounting estimate with appropriate disclosure B. Change in accounting policy C. Correction of an error D. Initial adoption of an accounting policy

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.2: Golden Bear Golf, Inc.

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Question

When it is difficult to distinguish a change in accounting policy from a
change in an accounting estimate, the change is treated as

A. Change in accounting estimate with appropriate disclosure
B. Change in accounting policy
C. Correction of an error
D. Initial adoption of an accounting policy

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