Which of the Following Would Not Be Accounted for Using

question 92

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 the completed contract method to the percent-of-completion method for long-term construction contracts.
• C)A change in depreciation methods.
• D)A change from the full cost method in the oil industry.

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