Multiple Choice
Which of the following is not an example of a change in accounting principle?
A) A change in the useful life of a depreciable asset.
B) A change from LIFO to FIFO for inventory costing.
C) A change to the full costing method in the extractive industries.
D) A change to the equity method of accounting for investments.
Correct Answer:
Verified
Correct Answer:
Verified
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