Which of the following is the proper time period in which to record a change in accounting estimate?
A) current period and future periods
B) current period and retroactively
C) retroactively only
D) current period only
A
Business
You might also like to view...
_____ takes place when an operation switches from using an old system to using a new system.
Fill in the blank(s) with the appropriate word(s).
Business
The ____ command is used to locate and work with a subset of data in a worksheet
A) Template B) Filter C) Sort D) Freeze Panes
Business
The two major types of receivables are interest receivable and taxes receivable
Indicate whether the statement is true or false
Business
XYZ Mutual Insurance Company has total assets of $10 million. The policyholders' surplus is $2 million. What are XYZ Mutual's total liabilities?
A) $4.0 million B) $8.0 million C) $10.0 million D) $12.0 million
Business