Multiple Choice
Which of the following is not a retrospective-type accounting change?
A) Cost-recovery method to the percentage-of-completion method for long-term contracts
B) Cost-recovery method to the FIFO method for inventory valuation
C) Sum-of-the-years'-digits method to the straight-line method
D) "Full cost" method to another method in the extractive industry
Correct Answer:
Verified
Correct Answer:
Verified
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