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Which is not a change in accounting policy

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Reference no: EM132827954

Problem 1: Which of the following is not a change in accounting policy?

a. Change in the depreciation method

b. Change in the valuation method of inventory

c. Accounting for a transaction that did not previously occu

d. Change in the method of revenue recognition.

Problem 2: When is a prospective change in accounting policy allowed?

a. Never

b. When management approves

c. When its impracticable to calculate the cumulative effect of the change

d. None of the above

Reference no: EM132827954

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