Renang Question Completion Status: QUESTION 10 4 points Save Answer Which of the following changes would not be accounted for using the prospective approach? A change from application of the LCNRV rule from individual item costing to an aggregate costing approach. O A change from double-declining balance to straight-line depreciation O A change from straight line to double declining balance depreciation. O A change to LIFO from average costing inventories QUESTION 11 4 points Save Answer Which of the following is not an example of a change in accounting principle? A change to the equity method of accounting for investments. O A change from LIFO to FIFO for inventory costing O A change in the useful life of a depreciable asset. O A change to the full costing method in the extractive industries, QUESTION 12 4 points Save Answer Which of the following is reported as a financing activity in the statement of cash flows? The repayment of bonds issued at face value. The amortization of a patent. The acquisition of long term investments The exchange of common stock for a building QUESTION 13 4 points Save Answer How is the amortization of patents reported in a statement of cash flows that is prepared using the indirect method? O A deduction from net income in arriving at cash flows from operations. O A decrease in cash flows from investing activities. An increase in cash flows from investing activities O An addition to income in arriving at cash flows from operations