Which of the Following Is Not a Change in Accounting

question 110

Multiple Choice

Which of the following is not a change in accounting principle that usually is accounted for by retrospectively revising prior financial statements?

• A) Change from FIFO to the average method of inventory costing.
• B) Change from SYD to DDB depreciation.
• C) Change from the average method of inventory costing to FIFO.
• D) Change from the LIFO to the FIFO method of inventory costing.

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Definitions:

Bedridden

A condition in which a person is unable to leave their bed due to illness, disability, or frailty, requiring assistance for daily activities.

Isokinetic

Referring to muscular action performed with a constant speed of movement, often used in physical therapy and exercise equipment to assess and improve muscle strength.

Anaerobic

Relating to or involving muscular activity that does not require oxygen, often resulting in the production of lactic acid.

Aerobic

Exercise that requires the consumption of oxygen to fuel the body's muscular activity, such as running or swimming, improving cardiovascular health.