Which of the following would be accounted for as a change in accounting principle?First-time presentation of consolidated financial statementsChanging an estimate for the allowance for doubtful accountsAdopting a new accounting standardChanging the useful life of a piece of equipment from 8 years to 20 yearsO O O O

The correct option is "Changing an estimate for the allowance for doubtfull accounts. As per one the…

Answered: Which of the following would be…

Business

Accounting

Which of the following would be accounted for as a change in accounting principle?

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter16: Advanced Topics Concerning Complex Auditing Judgments

Section: Chapter Questions

Problem 36RSCQ

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