Which of the Following Is NOT Considered a Change in Accounting

question 41

Multiple Choice

Which of the following is NOT considered a change in accounting policy?

• A) change in depreciation method
• B) change from FIFO to weighted average cost
• C) initial adoption of a new accounting standard
• D) change in accounting for a defined benefit pension plan from deferral and amortization to immediate recognition

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Definitions:

Sydney Steel Company

Was a steel production company located in Sydney, Nova Scotia, known for its historical significance in the region's industrial development.

Toxic Waste

Hazardous material that can cause injury or death to living organisms, often produced by industrial activity.

Nova Scotia

A province located on Canada's southeastern coast, known for its maritime heritage and natural beauty.

Fossil Fuels

Natural resources, such as coal, oil, and natural gas, formed from the ancient remains of organisms, used primarily for energy but contributing to climate change.