Accounting changes occur for which of the following reasons?
A) Management is being fair and consistent in financial reporting.
B) Management compensation is affected.
C) Debt agreements are impacted.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Accounting changes can occur for a variety of reasons, including management wanting to be fair and consistent in financial reporting (A), management compensation being affected (B), and debt agreements being impacted (C). Therefore, all of the answer choices are correct.

Accounting Changes Occur for Which of the Following Reasons