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 the above.

Question

Quizplus · Accepted Answer

Accounting changes can occur for various reasons, including management's desire to be fair and consistent in financial reporting, the impact of management compensation, and changes in debt agreements. Therefore, option D, "All of the above," is the best answer.

Accounting Changes Occur for Which of the Following Reasons