A Change from One Acceptable Accounting Method to Another Is

question 176

Multiple Choice

A change from one acceptable accounting method to another is reported

• A) on the statement of retained earnings, as a correction to the beginning balance
• B) on the income statement, below income from continuing operations
• C) on the income statement, above income from continuing operations
• D) through a retroactive restatement of prior-period earnings

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Definitions:

Shaping

A method of training or teaching by which successive approximations towards a desired behavior are reinforced.

Observing Models

The process of learning behaviors, attitudes, and emotional reactions through watching others, especially influential or authority figures.

Consequences

The outcomes or effects that follow from an action, behavior, or decision, influencing future choices and behaviors.

Reinforced Behavior

Behavior that is strengthened and likely to be repeated due to the application of reinforcement.