Which of the Accounting Changes Listed Below Is More Associated

question 44

Multiple Choice

Which of the accounting changes listed below is more associated with financial statements prepared in accordance with U.S. GAAP than with International Financial Reporting Standards (IFRS) ?

• A) Change in reporting entity.
• B) Change to the LIFO method from the FIFO method.
• C) Change in accounting estimate.
• D) Change in depreciation methods.

---

Definitions:

Intimacy In Friendship

Self-disclosure or the sharing of private thoughts.

Self-Disclosure

The act of revealing personal information about oneself to others, which can build trust and intimacy in relationships.

Cliques

Social groups that are often exclusive and characterized by common interests or friendships, typically within a larger group or institution.

Small Groups

Collections of individuals, usually numbering between 3 and 12, who interact with each other in a structured way to accomplish a goal or engage in specific activities.