Which of the Following Is Not a Change in Accounting

question 101

Multiple Choice

Which of the following is not a change in accounting policy?

• A) Change in the depreciation method from straight-line to declining balance.
• B) Change from completed contract to percentage of completion.
• C) Change from Weighted Average to FIFO.
• D) Change in depreciation from eight years to five years.
• E) They are all changes in accounting policy.

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Definitions:

Silver

A precious metal with the highest electrical conductivity of all metals, used in jewelry, coins, electronics, and photography.

Hydrochloric Acid

A strong, corrosive acid (HCl) that is a major component of gastric acid in the human stomach, used industrially for processing steel and purifying table salt.

Thallium Poison

The toxic effect caused by exposure to thallium, a heavy metal that can lead to symptoms ranging from hair loss to potentially fatal organ damage.

Thallium Poisoning

A toxic condition resulting from exposure to thallium, a heavy metal that can lead to severe health issues like hair loss, neurological damage, and even death.