Unformatted text preview: D. All of the above usually are adjusted AACSB: Reflective thinking Bloom's: Comprehension Learning Objective: 20-02 Describe how changes in accounting principle typically are reported. Level of Learning: Medium 29. JFS Co. changed from straight-line to DDB depreciation. The journal entry to record the change includes: A. A credit to accumulated depreciation. B. A debit to accumulated depreciation. C. A debit to a depreciable asset. D. The change does not require a journal entry. AACSB: Analytic Bloom's: Synthesis Learning Objective: 20-04 Explain how and why changes in estimates are reported prospectively. Level of Learning: Medium...
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- Spring '10
- Accounting, Generally Accepted Accounting Principles, AACSB