Which of the Following Is NOT a Change in Accounting

question 19

Multiple Choice

Which of the following is NOT a change in accounting principle?

• A) A change from FIFO to LIFO for inventory valuation
• B) A change from eight years to five years in the useful life of a depreciable asset
• C) A change from completed-contracts to percentage-of-completion
• D) A change from double-declining-balance to straight-line depreciation

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Definitions:

Stimuli

External or internal changes that affect the senses and can elicit responses from an organism.

Cerebral Asymmetry

The anatomical, functional, and physiological differences between the two hemispheres of the brain.

Mirror Neurons

Mirror neurons are neurons that fire both when performing an action and when observing the same action performed by another, playing a role in learning, imitation, and empathy.

Cerebral Asymmetry

The phenomenon where the two hemispheres of the brain have differing functions, sizes, or activities.