Multiple Choice
Which of the following is NOT a change in accounting principle?
A) A change from FIFO to LIFO for inventory valuation
B) A change from eight years to five years in the useful life of a depreciable asset
C) A change from completed-contracts to percentage-of-completion
D) A change from double-declining-balance to straight-line depreciation
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which of the following accounting treatments is
Q15: Which of the following types of errors
Q16: Which of the following concepts or principles
Q17: Which of the following changes in accounting
Q18: Effective January 2,2014,Moldaur Co.adopted the accounting principle
Q20: Diamond Company changed from the completed-contract method
Q21: Which of the following is not correct
Q22: Queener Corporation uses a periodic inventory system
Q23: Which of the following is characteristic of
Q24: Which of the following should NOT be