Question
Which of the following would not be accounted for using the retrospective approach? A. A change from LIFO to FIFO inventory costing B. a change
Which of the following would not be accounted for using the retrospective approach?
A. A change from LIFO to FIFO inventory costing
B. a change in accounting for long term construction contracts by recognizing revenue over time rather than when the contract is completed.
C A change in depreciation methods.
D. a change from the equity method of accounting for investments.
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Accounting What The Numbers Mean
Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele
10th Edition
1259060705, 978-1259060700
