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1、CHAPTER4IncomeStatementandRelatedInformationCE4-1AccordingtotheGlossary:(a)Achangeinaccountingestimateisachangethathastheeffectofadjustingthecarryingamountofanexistingassetorliabilityoralteringthesubsequentaccountingforexistingorfutureassetsorliabilities.Changesinaccountingestimatesresultfromnew

2、information.Examplesofitemsforwhichestimatesarenecessaryareuncollectiblereceivables,inventoryobsolescence,servicelivesandsalvagevalueofdepreciableassets,andwarrantyobligations.Achangeinaccountingestimateisanecessaryconsequenceoftheassessment,inconjunctionwiththeperiodicpresentationoffinancialsta

3、tements,ofthepresentstatusandexpectedfuturebenefitsandobligationsassociatedwithassetsandliabilities.(b)Achangeinaccountingprinciplereflectsachangefromonegenerallyacceptedaccountingprincipletoanothergenerallyacceptedaccountingprinciplewhentherearetwoormoregenerallyacceptedaccountingprinciplesthat

4、applyorwhentheaccountingprincipleformerlyusedisnolongergenerallyaccepted.Achangeinthemethodofapplyinganaccountingprinciplealsoisconsideredachangeinaccountingprinciple.A“ChangeinAccountingEstimateEffectedbyaChangeinAccountingPrinciple”isachangeinaccountingestimatethatisinseparablefromtheeffectofa

5、relatedchangeinaccountingprinciple.Anexampleofachangeinestimateeffectedbyachangeinprincipleisachangeinthemethodofdepreciation,amortization,ordepletionforlong-lived,nonfinancialassets.(c)ComprehensiveIncomeisdefinedasthechangeinequity(netassets)ofabusinessduringaperiodfromtransactionsandothereven

6、tsandcircumstancesfromnonownersources.Itincludesallchangesinequityduringaperiodexceptthoseresultingfrominvestmentsbyownersanddistributionstoowners.CE4-2Themasterglossaryprovidestheterm“UnusualNature”,alinkfromwhichyieldsthefollowing:GlossaryTermUsageTheglossarytermisusedinthefollowinglocations.U

7、nusualNature•225IncomeStatement>20ExtraordinaryandUnusualItems>45OtherPresentation–225IncomeStatement>20ExtraordinaryandUnusualItems>45OtherPresentation>General,paragraph45-2.Followingthislinkyieldsthefollowingparagraph:Copy