Which of the Following Is Not Treated as a Change

question 49

Multiple Choice

Which of the following is not treated as a change in accounting policy?

• A)A change from average cost 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 cost-recovery to percentage-of-completion

Explain the economic reasoning behind incentives and how they influence human behavior.

Understand scarcity and how it necessitates economic choice and competitive behavior.

Analyze the impact of government policies and incentives on individual and market behaviors.

Recognize logical fallacies in economic reasoning, including the fallacy of composition and misunderstanding of causation.

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Definitions:

Sieve-Tube Member

A type of elongated cell in the phloem of flowering plants, responsible for transporting sugars and other nutrients.

Sieve-Tube Members

Specialized cells in the phloem of higher plants that facilitate the transport of sugars and other nutrients from the leaves to the rest of the plant.

Parenchyma

A type of tissue in plants composed of living cells, often involved in photosynthesis, storage, and healing.

Xylem Cells

Plant cells that form part of the xylem tissue, responsible for the transport of water and dissolved minerals from the roots to the rest of the plant.