Which of the Following Is Not Accounted for a Change

question 32

Multiple Choice

Which of the following is not accounted for a change in accounting principle?

• A) A change from LIFO to FIFO for inventory valuation
• B) A change to a different method of depreciation for plant assets
• C) A change from full-cost to successful efforts in the extractive industry
• D) A change from the completed-contract to the percentage-of-completion method

Comprehend the psychological theories related to hypnosis.

Understand the effects of meditation on consciousness.

Determine the varying effects of psychoactive drugs on behavior and mental state.

Recognize theories of dreaming and their supporting evidences.

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Definitions:

Net Asset Value

The value per share of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of outstanding shares.

Year-End Assets

The total value of all assets held by an individual or corporation calculated at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a company or an individual to creditors, typically classified as current (short-term) or long-term.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to determine the per share market value.