Which of the following is NOT considered a change in accounting policy?
A) change in depreciation method
B) change from FIFO to weighted average cost
C) initial adoption of a new accounting standard
D) change in accounting for a defined benefit pension plan from deferral and amortization to immediate recognition
Correct Answer:
Verified
Q1: Accounting for a retrospective change requires
A) reissuing
Q2: Which of the following should be given
Q4: Which of the following is NOT considered
Q5: Which of the following is (are) the
Q6: One condition required by IFRS is that
Q7: Which of the following is NOT considered
Q8: Which of the following statements is correct?
A)
Q9: An example of a correction of an
Q10: Stockton Ltd. changed its inventory system from
Q11: Retrospective application is required for all
A) errors
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