Which of the Following Accounting Changes Should Not Be Accounted

question 33

Multiple Choice

Which of the following accounting changes should not be accounted for prospectively?

• A) The correction of an error.
• B) A change from declining balance to straight-line depreciation.
• C) A change from straight-line to declining balance depreciation.
• D) A change in the expected salvage value of a depreciable asset.

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Definitions:

Fiedler's Contingency Theory

A leadership theory proposing that effective group performance depends on the proper match between a leader’s style of interacting with subordinates and the degree to which the situation gives control to the leader.

Path-Goal Theory

A leadership theory that suggests leaders should adjust their leadership style based on the needs of their followers to help them achieve their goals.

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people within organizational settings.

Conscientious Labourers

Workers who are diligent, careful, and meticulous in their tasks, showing a high level of responsibility.