Adoption of ASC Topic 606 related to revenue recognition represents a Multiple Choice voluntary change in accounting principle O mandatory change in accounting principle. O voluntary change in accounting estimate. mandatory change in accounting estimate

Adoption of ASC Topic 606 related to revenue recognition represents a Multiple Choice voluntary change in accounting principle O mandatory change in accounting principle. O voluntary change in accounting estimate. mandatory change in accounting estimate

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Adoption of ASC Topic 606 related to revenue recognition represents a
Multiple Choice
voluntary change in accounting principle
Omandatory change in accounting principle.
O voluntary change in accounting estimate.
mandatory change in accounting estimate.

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