TCO E) The four types of accounting changes, including error correction, are change in accounting principle; change in accounting estimate; change in...

change in accounting principle;change in accounting estimate;change in reporting entity; anderror correction.Changing the companies included in combined financial statementsChange in both estimate and acceptable accounting principlesChange from presenting nonconsolidated to consolidated financial statementsChange from FIFO to LIFO inventory proceduresChange in amortization period for an intangible assetChange due to failure to recognize an accrued (uncollected) revenueChange due to charging a new asset directly to an expense accountChange due to understatement of inventoryChange from straight-line to sum-of-the-years'-digits method of depreciationChange in residual value of a depreciable plant assetChange in the loss rate on warranty costsChange in life of a depreciable plant assetChange due to failure to recognize and accrue incomeChange in expected recovery of an account receivableChange from expensing to capitalizing certain costs, due to a change in periods benefited (Points : 15)