2/22/2021 Q8-Accounting Changes (page 7 of 30)

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Question 7
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During the current year the entity increased estimated quantity of copper recoverable from its
mine. The entity uses the units of production depletion method. As a result of the change,
which of the following should be reported in the entity’s financial statements/

Select one:
a. Change in accounting policy
b. Not reported
c. Change in accounting estimate
d. Prior period error

Clear my choice

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