Multiple choice

Change in accounting estimate means

  1. differences arising between certain parameters estimated earlier and re-estimated during the current period

  2. differences arising between certain parameters estimated earlier and actual results achieved during the current period

  3. differences arising between certain parameters re-estimated earlier and actual results achieved during the current period

  4. Both a and b

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Both I and II options are answers for this.

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