All of the Following Would Be Reported Retrospectively by Restating

question 34

Multiple Choice

All of the following would be reported retrospectively by restating prior period's financial results except

• A) change from the completed-contract method to the percentage-of-completion method for long-term construction contracts.
• B) correction of an error in previous periods.
• C) change from LIFO to FIFO.
• D) change from the straight-line depreciation method to the sum-of-the-years'-digits method.

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Definitions:

Spyware Infections

Refers to malicious software installed on a computer or device without the user's knowledge, aimed at gathering personal or sensitive information.

Sampling Frame

A list or database from which a statistical sample is drawn for a study or survey.

Population

The whole number of people or inhabitants in a country or region, or a particular group of people or objects being studied.

Fiber-optic

Relating to or using thin flexible fibers of glass or other transparent solids to transmit light signals for telecommunications or computing.