Which of the following is not an example of a change in accounting principle? Multiple Choice A change to the equity method of accounting for investments. A change in the useful life of a depreciable asset. A change from LIFO to FIFO for inventory costing. A change to the full costing method in the extractive industries.
Which of the following is not an example of a change in accounting principle? Multiple Choice A change to the equity method of accounting for investments. A change in the useful life of a depreciable asset. A change from LIFO to FIFO for inventory costing. A change to the full costing method in the extractive industries.
Chapter1: Financial Statements And Business Decisions
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![Which of the following is not an example of a change in accounting principle?
Multiple Choice
A change to the equity method of accounting for investments.
A change in the useful life of a depreciable asset.
A change from LIFO to FIFO for inventory costing.
A change to the full costing method in the extractive industries.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F81f3c13b-c916-4610-ab84-ceb3c5d340e8%2Fe237e87b-5807-4851-92f9-a9db56a21545%2Fiuq07s1a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is not an example of a change in accounting principle?
Multiple Choice
A change to the equity method of accounting for investments.
A change in the useful life of a depreciable asset.
A change from LIFO to FIFO for inventory costing.
A change to the full costing method in the extractive industries.
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