Which of the Following Is an Example of a Change

question 62

Multiple Choice

Which of the following is an example of a change in accounting principle that is accounted for retrospectively?

• A) an Accounting Standards Update has been issued and a former principle is no longer generally accepted
• B) initial adoption of a generally accepted accounting principle because of events or transactions occurring for the first time
• C) change to a generally accepted accounting principle from a principle that is not generally accepted
• D) modification of an accounting principle for transactions or events that are clearly different in substance from those previously occurring

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Definitions:

Goal

A desired result or outcome that a person or organization aims to achieve.

Objective

A goal or target that is clearly defined and can be measured or evaluated.

Expectancy Theory

A theory in psychology that explains the motivational strength as being determined by the perceived likelihood of success and the value of the outcome.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive unit of work to enhance job satisfaction and performance.