Which of the Following Is Not a Retrospective-Type Accounting Change

question 44

Multiple Choice

Which of the following is not a retrospective-type accounting change?

• A)Cost-recovery method to the percentage-of-completion method for long-term contracts
• B)Cost-recovery method to the FIFO method for inventory valuation
• C)Sum-of-the-years'-digits method to the straight-line method
• D)"Full cost" method to another method in the extractive industry

---

Definitions:

Emotionally Significant

describes experiences or stimuli that have a strong emotional impact, often influencing memory and behavior.

Amygdala

The amygdala is a small, almond-shaped cluster of nuclei located deep within the temporal lobe of the brain, involved in emotional processes, particularly fear and pleasure.

Flashbulb Memory

Vivid and detailed memories of significant or emotional events, which feel as if captured by a camera's flash.

San Francisco Earthquake

A significant seismic event that struck San Francisco, California, heavily damaging the city, historically notable for its impact in 1906.