Which of the following is not treated as a change in, Ask an Expert

Accounting

Which of the following is not treated as a change in accounting principle?

A) A change from LIFO to FIFO for inventory valuation

B) A change to a different method of depreciation for plant assets

C) A change from full-cost to successful efforts in the extractive industry

D) A change from completed-contract to percentage-of-completion

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9441524

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