Change in an Accounting Principle Is Accounted for

question 72

Multiple Choice

Change in an accounting principle is accounted for

• A) prospectively.
• B) by a prior period adjustment.
• C) by a retrospective application of a new accounting principle.
• D) by constructive application of a new accounting principle.

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing unwanted behaviors through various techniques and reinforcements.

Psychodynamic Therapy

An approach within depth psychology that seeks to expose the unconscious elements of a client's psyche with the goal of easing psychic stress.

Client-centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes providing a supportive environment in which clients can increase their self-awareness and self-acceptance.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on exploring unconscious motives and conflicts.