A Change from a Non-GAAP Procedure to a GAAP Procedure

question 31

True/False

A change from a non-GAAP procedure to a GAAP procedure usually is referred to as a change in accounting principle.

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Definitions:

Explicit Memory

A type of long-term memory involving the conscious recall of facts and experiences.

Implicit Memory

Refers to the unconscious memory of skills and how to perform tasks.

Automatic Processing

The unconscious encoding of information about space, time, frequency, and well-learned information or skills.

Long-Term Storage

The phase of memory in which information is retained for extended periods of time, potentially indefinitely.