Which of the following is a change inestimate? 1) A change from thefull costing

Question

Which of the following is a change inestimate? 1) A change from thefull costing method in the extractive industries. 2) A change frompercentage-of-completion to the completed contractmethod. 3) Consolidating asubsidiary for the first time. 4) A change in thetermination rate of employees under a pension plan. Which of the following is a change inestimate? 1) A change from thefull costing method in the extractive industries. 2) A change frompercentage-of-completion to the completed contractmethod. 3) Consolidating asubsidiary for the first time. 4) A change in thetermination rate of employees under a pension plan. Which of the following is a change inestimate? Which of the following is a change inestimate? A change from thefull costing method in the extractive industries. A change frompercentage-of-completion to the completed contractmethod. Consolidating asubsidiary for the first time. A change in thetermination rate of employees under a pension plan. 1) A change from thefull costing method in the extractive industries. 2) A change frompercentage-of-completion to the completed contractmethod. 3) Consolidating asubsidiary for the first time. 4) A change in thetermination rate of employees under a pension plan.

Explanation / Answer

Change in Accounting estimate is the restatement of anaccounting assumption or forecast. Hence, in this case , A changein estimate would include :

4) A change in the termination rate of employeesunder a pension plan.

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