Solved

Which of the Following Is NOT Considered to Be a Change

Question 27

Multiple Choice

Which of the following is NOT considered to be a change in accounting policy?


A) changing from weighted average to FIFO for valuing inventories
B) initial adoption of a new accounting standard
C) reclassifying items on the financial statements of prior periods to make the statements more comparable
D) changing from the cost basis to the fair value model for measuring investments

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions