When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as: a. Change in accounting estimate with appropriate disclosure b. Change in accounting policy c. Correction of error d. Change in accounting estimate with no appropriate disclosure
When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as: a. Change in accounting estimate with appropriate disclosure b. Change in accounting policy c. Correction of error d. Change in accounting estimate with no appropriate disclosure
Chapter2: Audits Of High-risk Accounts
Section2.2: Golden Bear Golf, Inc.
Problem 5Q
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When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as:
a. Change in accounting estimate with appropriate disclosure
b. Change in accounting policy
c. Correction of error
d. Change in accounting estimate with no appropriate disclosure
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