Which of the Following Is Not Correct Regarding the Provisions

question 70

Multiple Choice

Which of the following is not correct regarding the provisions of IAS No. 8 on accounting changes and error corrections?

• A) A change in accounting estimate is reflected in the current and future periods.
• B) A change in depreciation method (such as from an accelerated method to the straight-line method) is classified as a change in estimate.
• C) A change in depreciation method (such as from accelerated method to the straight-line method) is classified as a change in accounting principle.
• D) IFRS No. 8 generally reflects a preference for restating prior results to improve comparability of financial statements.

---

Definitions:

Altruistic Behavior

Actions taken to benefit others without expecting personal gains or rewards.

Kin Selection

An evolutionary strategy that favors the reproductive success of an organism's relatives, even at a cost to the organism's own survival and reproduction.

Emotional Response

A complex psychological and physiological reaction to a perceived event, situation, or stimulus, characterized by subjective feelings, changes in bodily state, and expressions.

Young Chimpanzees

Juvenile members of the species Pan troglodytes, known for their complex social behaviors and learning capabilities.