Which statements is not an example of a correction of error

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Problem 1: Which of the following statements is not an example of a correction of an error in previously issued financia statements?

A. adopting the allowance method for bad debts when the direct write-off method had been inappropriately used because direct write-off was used for tax purposes .

B. recording depreciation on plant assets that were not depreciation last year because of a computer problem.

C. adopting straight-line depreciation for newly acquired assets and continuing to use the double-declining-balance method for existing assets

D. correcting the ending inventory amount from last year because inventory in transit was missed.

Reference no: EM132811181

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