Which of the Following Is Not an Example of a Change

question 38

Multiple Choice

Which of the following is not an example of a change in accounting principle?

• A) A change in the useful life of a depreciable asset.
• B) A change from LIFO to FIFO for inventory costing.
• C) A change to the full costing method in the extractive industries.
• D) A change to the equity method of accounting for investments.

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Definitions:

Chronic Pain

A persistent or recurring pain that lasts longer than three months, often significantly affecting an individual’s quality of life.

Acute Pain

Short-term pain that results from tissue damage or other trauma.

Psychosocial

Referring to the interrelation of social factors and individual thought and behavior.

Gate Control Theory

A theory proposing that there are neural "gates" in the spinal cord that control the transmission of pain signals to the brain.