A Company Uses LIFO in One Year,then Switches to FIFO

question 153

Multiple Choice

A company uses LIFO in one year,then switches to FIFO and then to average-cost.This is a violation of the:

• A)disclosure principle
• B)historical cost principle.
• C)consistency principle.
• D)conservatism principle.

Recognize and explain the impact of vicarious reinforcement and punishment.

Understand the significance of models in learning and their characteristics.

Comprehend the role and debate around mirror neurons in observational learning.

Recognize the importance of consistency in modeled behavior.