menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Reporting Analysis
  4. Exam
    Exam 10: Reporting and Analysing Equity
  5. Question
    The Effect of Changes in Accounting Estimates Must Be Disclosed
Solved

The Effect of Changes in Accounting Estimates Must Be Disclosed

Question 67

Question 67

Multiple Choice

The effect of changes in accounting estimates must be disclosed if they:


A) affect profit.
B) affect assets.
C) are material.
D) change the amount of cash held in the bank.

Correct Answer:

verifed

Verified

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

Related Questions

Q62: When preparing the financial statements of Somersby

Q63: Prior period errors must be corrected:<br>A) retrospectively.<br>B)

Q64: Match the descriptions with their terms:<br>-The amount

Q65: Identify (by letter) each of the following

Q66: Identify (by letter) each of the following

Q68: Match the descriptions with their terms:<br>-Amount received

Q69: A corporation has all of the following

Q70: Please complete the following statements:<br>-A debit balance

Q71: Companies that have high growth rates are

Q72: A company with share capital comprising 15,000

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines