Which of the following would be considered a change that affects consistency?
A) Change in accounting estimate.
B) Change in accounting principle.
C) Change in classification and reclassification.
D) All of the other options are correct.

Question

Quizplus · Accepted Answer

A change in accounting principle would result in a change in the way transactions are recorded, which would affect the consistency of financial statements. The other options (change in accounting estimate and change in classification/reclassification) may not necessarily affect consistency.

Which of the Following Would Be Considered a Change That