Changes in Accounting Principles Include Changes

question 6

Multiple Choice

Changes in accounting principles include changes:

• A)from FIFO to average cost for inventory.
• B)required because the FASB issues new accounting pronouncements.
• C)to the estimated useful life of a building.
• D)A and B.

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Definitions:

Unilateral Thoracotomy

A surgical operation involving the cutting into one side of the chest wall to access the lungs or other structures in the thorax.

OOB

An abbreviation for "out of bed," indicating a patient's transition from lying in bed to being up and moving.

Postoperative Period

The phase following a surgical operation in which the patient recovers, involving monitoring for complications and ensuring recovery is on track.

Electronic Documentation Systems

Computer systems used for the creation, storage, and management of documents and records, especially in healthcare settings.