Which of the following accounting changes should be accounted for as a change in estimate O change in inventory valuation from average cost to LIFO. change from the cash basis of accounting to accrual basis of accounting change from sum-of-the-years-digits depreciation to double-declining-balance change in revenue recognition from percentage-of-completion to completed- contract

Which of the following accounting changes should be accounted for as a change in estimate O change in inventory valuation from average cost to LIFO. change from the cash basis of accounting to accrual basis of accounting change from sum-of-the-years-digits depreciation to double-declining-balance change in revenue recognition from percentage-of-completion to completed- contract

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 1PEA

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