Which of the Following Would Not Be Accounted for Using

question 96

Multiple Choice

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

• A)A change from LIFO to FIFO inventory costing.
• B)A change from average cost to FIFO inventory costing.
• C)A change in depreciation methods.
• D)A change from the full cost method in the oil industry.

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Definitions:

Arête

A sharp, narrow ridge found in glaciated or high mountain terrain, formed by the erosion of two glaciers from opposite sides.

U-Shaped Valley

A valley with a distinct U-shaped cross-section, typically formed by glacial erosion.

Tarn

A small mountain lake or pool, formed in a cirque excavated by a glacier.

Shoreline

The boundary line where land meets a body of water, such as a sea, lake, or river, constantly reshaped by the forces of nature.