Which of the following is an example of a change in accounting estimate?
A) Change from the percentage-of-completion method to the completed-contract method of income recognition for long-term construction contracts
B) Change from the Weighted Average method to the FIFO inventory method
C) Change from the gross margin method to the retail method of estimating the ending inventory
D) Change from capitalizing research and development costs to expensing such costs
E) Change in the estimate of future warranty costs
Correct Answer:
Verified
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