Which of the Following Changes Would Be Disclosed as a Change

question 118

Multiple Choice

Which of the following changes would be disclosed as a change in accounting principle but reported by applying the new method retrospectively as restatements of prior periods?

• A) Change from the first-in, first-out method to the last-in, first-out method of inventory pricing
• B) Change in the composition of elements included in inventory
• C) Change from completed-contract accounting to percentage of completion
• D) Change from the straight-line method to an accelerated method of depreciation

---

Definitions:

Heritability

The proportion of variation among individuals that can be attributed to genetic factors.

Single Intelligence

The theory that intellectual ability is a general cognitive capacity that can be measured and numerically expressed.

Mental Capacities

The cognitive abilities of an individual, including reasoning, memory, understanding, and problem-solving.

Creative Scientists

Individuals engaged in scientific inquiry who demonstrate originality, inventiveness, and the ability to solve problems through novel approaches.