Which of the Following Is a Change in Policy

question 17

Multiple Choice

Which of the following is a change in policy?

• A)Inventory was sold below carrying amount even though the inventory had been previously written down to lower of cost and net realizable value.
• B)A company changes from the cost model to the revaluation model of measuring the value of land.
• C)Development costs were capitalized when only five of six criteria for capitalization had been satisfied.
• D)The company miscalculated the weighted average number of ordinary shares outstanding because it used the wrong date for a share issuance.

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Definitions:

Gender Typing

Gender typing encompasses the acquisition of a traditional gender role, involving the behaviors, beliefs, and attitudes that society considers appropriate for males or females.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

X Chromosome

The sex chromosome found in both men and women. Females have two X chromosomes; males have one. An X chromosome from each parent produces a female child.

Biopsychosocial Approach

A broad view that attributes disease outcome to the intricate, variable interaction of biological factors, psychological factors, and social factors.