Which of the following is accounted for as a change in, Ask an Expert

Accounting

Which of the following is accounted for as a change in accounting principle?

a. A change in the estimated useful life of plant assets.
b. A change from the cash basis of accounting to the accrual basis of accounting.
c. A change from expensing immaterial expenditures to deferring and amortizing them as they become material.
d. A change in inventory valuation from average cost to FIFO.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409357

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