An Example of a Special Change in Accounting Principle That

question 41

Multiple Choice

An example of a special change in accounting principle that should be reported by restating the financial statements of prior periods is the change from the:

• A)FIFO method of inventory valuation to the Weighted Average method.
• B)Straight-line method of depreciating plant equipment to the sum-of-the-years'-digits method.
• C)Sum-of-the-years'-digits method of depreciating plant equipment to the straight-line method.
• D)All of these choices are correct.

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Definitions:

Operant Conditioning

A strategy in behavioral training where the intensity of actions is adjusted through the provision of rewards or the imposition of consequences.

Conditioned Reinforcement

A type of reinforcement where a stimulus gains its reinforcing power through its association with a primary reinforcer.

Cognitive Map

A mental representation of one's physical environment, facilitating navigation and understanding of spatial relationships.

Latent Learning

Learning that occurs without any obvious reinforcement and is not demonstrated until there is an incentive to do so.