Which of the Following Changes Would Not Be Accounted for Using

question 61

Multiple Choice

Which of the following changes would not be accounted for using the prospective approach?

• A)A change to LIFO from average costing for inventories.
• B)A change from the individual application of the LCM rule to aggregate approach.
• C)A change from straight-line to double-declining balance depreciation.
• D)A change from double-declining balance to straight-line depreciation.

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Definitions:

Ethical Tactics

Strategies that adhere to moral principles and upright standards of conduct.

Self-Serving Process

An action or series of actions carried out for one's own benefit, often disregarding others.

Frequent Use

The regular application or employment of a method, tool, or practice within various contexts.

Associated Risks

The potential negative consequences or uncertainties linked to a particular action, decision, or situation.