Which of the following would be considered a change that does not affect comparability?
A)Change in accounting estimate.
B)Change in accounting principle.
C)Correction of principle material misstatement in previously issued financial statements.
D)None of these are considered changes that do not affect comparability.

Question

Quizplus · Accepted Answer

A change in accounting estimate does not affect comparability as it reflects a new estimate based on new or updated information, rather than a change in how an item is accounted for.

Which of the Following Would Be Considered a Change That