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

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Definitions:

Positron-Emission Tomography

An imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes, and hence, the functioning of organs and tissues.

Brain Activation

The process by which regions of the brain become more active, typically in response to a specific stimulus or task.

Genetics

The biological study of genes, heredity, and the variation of organisms, determining characteristics of living organisms.

Psyche

Refers to the human mind or soul, as a fundamental part of individual's mental and emotional state or wellbeing.