Basics of change in accounting principle

Assignment Help Accounting Basics

Reference no: EM13135268

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.

Reference no: EM13135268

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